If you’re thinking of selling your home, you’ve picked an excellent time. According to real estate experts, inventory is low, which means it’s a seller’s market. According to real estate education company FortuneBuilders it’s expected to remain a seller’s market throughout 2017.
This means that there are fewer homes for sale, so there is a greater demand and competition for those few. As a result, as a seller, you’re more likely to get top dollar for yours. More prospective buyers interested in your home means more competition for your home. This definitely works in your favor because you’re likely to see multiple offers and even bidding wars for your house, according to Realty Times.
This current market trend means you could get your asking price or even more, especially if a buyer is motivated by a relocation or if they’ve sold their home and need to buy a new one quickly, adds Realty Times. Additionally, buyers who have been searching for a long time, and are constantly being outbid, are more likely to offer your asking price.
Low real estate market inventory puts negotiating in your corner, such as when selling your home is contingent on your purchasing a new home, or when negotiating some less significant home inspection details. With multiple offers, you can sit back, take the highest one, and reap the rewards of a seller’s market.
A seller’s market also means that your house may sell quickly, relieving you of the hassle of keeping it in show-ready condition for months and months, adds Realty Times.
So, if you’re toying with the idea of possibly putting your home on the market, as the iconic athletic shoe slogan goes, “Just do it.”
The Heckelsberg Team
2725 Us Route 34 Oswego, IL