Thinking of selling your current home? Now is a great time to list your property on the market and get it sold! While every area is different, the majority of markets have proven that there is no better time than in the warmer months to sell your home. Here is a list of the top 3 reasons as to WHY:
- Demand is STRONG and buyers are READY
According to the National Association of Realtors, also known as NAR, buyer demand has been continuing to remain strong throughout a majority of the entire country. In example, properties were typically on the market for around 24 days in the month of April. With these buyers remaining strong and active, they are ready, willing and able to purchase right away. Now is the best time to take advantage of this opportunity!
- Less competition
To note, housing inventory is still under the 6-month supply needed for a normal housing market. In easier terms, this means that there are not enough homes for sale to satisfy the amount of buyers. According to NAR like we mentioned previously, many reported “low inventory” as one of the major issues affecting transactions this past April. With this, putting your house on the market as soon as you can is the best way to go, no questions asked. The choices buyers have will only start to increase so get ahead of the game before everyone else!
- Process Will Be Quicker
With today’s incredibly competitive environment, buyers are forced to do everything they possibly can to stand out amongst the crowd. For instance, buyers know exactly what they can afford before home shopping because many are getting pre-approved for their mortgage financing ahead of time. In all, this makes the entire selling process much faster and simpler. Who doesn’t love simple?
Perhaps the time has finally come and you are still unsure as to whether or not this is the best time. For starters, just think about the reasons as to why you were thinking about selling in the first place and decide whether it is worth waiting longer. The power is ultimately up to you in the end, but remember, we are here to help!