Reasons to Sell Your Home: The Benefits of Selling Now, According to Experts
If you’re thinking of considering a move, there are good reasons to sell your home now. With limited inventory in the market, you have a major advantage as competition among buyers is high. The current market is favorable for sellers, as there are more buyers than homes available. With fewer houses on the market, buyers have fewer options and you’re more likely to get maximum exposure for your property. This creates a great opportunity to attract multiple offers and maximize the potential sale price of your house.
Here’s what industry experts have to say about why selling now could be beneficial for homeowners:
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
Selma Hepp, Chief Economist at CoreLogic:
“We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.”
Clare Trapasso, Executive News Editor at Realtor.com:
“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”
Jeff Tucker, Senior Economist at Zillow:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
Bottom Line
With the current market in your favor, there are many reasons to sell your home now. Before you list, make sure your house is in good condition by tackling any necessary repairs and making small updates and improvements. Additionally, sprucing up your landscaping can help increase the value of your property and increase interest from potential buyers. We wish you luck and if you need more information about what selling now could mean for you, please get in touch with us today.