Here are three reasons why the market is set up perfectly for home sellers.
I’m getting a lot of calls and questions at the moment regarding the market. Chief among them is, “Is now a good time to sell my home with everything that’s happening?”
Here are my three reasons why now is actually a great time to sell:
1. Interest rates are still very low. Right now, we’re seeing buyers lock in interest rates in the 3.5% range and sometimes even under 3%. With rates this low, a lot of buyers are purchasing in the area and there is an increased demand for properties like yours.
“Many homes are selling as soon as they hit the market.”
2. Low inventory. When we have low inventory, we get a lot more demand. With the inventory being so low right now, we’re seeing multiple offers come in on properties and the average days on market is going down. A lot of sellers are sitting on the fence because of the COVID-19 pandemic, but they should know that conditions are set up perfectly, and health measures are in place to keep them safe.
3. More buyers. The people who were looking to buy this spring have shifted their plans to buy this summer. Over the last month, we’ve been seeing a big increase in showings and offers, and many homes are selling as soon as they hit the market.
If you have any questions about the market or your property specifically, don’t hesitate to reach out via phone or email today. I look forward to hearing from you.
