If you've been thinking about selling your house, I should say now is a good time to do it. And I think today's market offers two great opportunities: more buyers than ever before and fewer houses for sale. In fact, there are more homes on the market right now than there were at this point last year—but only because fewer people want to buy them!
There are fewer houses for sale, but more buyers than ever before.
There are fewer houses for sale than there were a year ago. That’s a good thing, because it means that buyers have more options than ever before. The number of homes for sale is down, but the number of buyers is up. So if you see an ad that says: “I have this lovely property with plenty of room for your family! It comes with three bedrooms and two bathrooms (and even has its own Jacuzzi). And did we mention that it has its own entrance?”… well then I can guarantee you will get your deposit back in full by tomorrow morning!
The supply of for-sale houses isn't keeping up with demand.
Now that you know how the market is affected by supply, let’s look at how it affects the demand. Demand is driven by many things, like population growth and economic health. When there are more people in a community than houses available for them to live in (and this can happen anywhere), competition among buyers becomes fierce—and prices go up.
A growing number of people are looking to buy a home.
If you’re looking to sell your home, the good news is that there are more buyers than sellers. This means that if you want to move and find a new place for yourself or your family, there will be plenty of options available. On the other hand, if you want to buy another home in advance of selling yours (or simply out of necessity), now might be as good a time as any.
The demand for homes has been steadily increasing over recent years—and it shows no signs of slowing down!
Your house is likely worth more than your neighbor's sold home.
The housing market is strong.
Yes, the housing market is so strong and varied across the country that it’s worth looking at how your local market stacks up against other similar communities. If you live in a booming area like Los Angeles or New York City, you may be able to sell quickly and get top dollar for your property—but if you live in Atlanta or Houston (where prices continue to rise), your house may not be as likely to command top dollar when it goes on sale (though there are exceptions).
And for me, it’s also important to consider where exactly you want to relocate: If all else fails and selling isn't working out for whatever reason (and let's face it: sometimes things just don't work out), then at least choosing between two different locations can help narrow down what city/state/community would be best suited for your needs post-sale!
If you missed out on selling, it's not too late! You can still sell your home quickly with the help of a real estate agent. Contact me today and get started on the path to a successful real estate journey.
