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Seller’s: Don’t Miss Out On This Opportunity!

There is no sugarcoating it. The last few months have been hard. The country was forced to hit the pause button on schools, businesses, churches, and even summer fun.

But we are starting to see the light at the end of the tunnel. Slowly but surely, life (and business) is returning to some level of normal.

The good news in Real Estate is that the summer market is heating up, buyer traffic is increasing, and mortgage rates are at historic lows. If you were holding back on selling your house, you need to know that you could be missing out on the real estate opportunity of a lifetime.

Here are some points that can help you feel confident to sell your home this summer.
56% of homes sold in April 2020 were on the market for a month or less-NAR

The combination of low inventory and high Buyer Demand is creating an environment where homes are flying off the market. This is also a good indicator that while certain parts of the economy remain frozen, real estate is not one of them, and the pandemic has not slowed eager buyers from acting.
What this means for sellers
With inventory even lower now than it was before, houses that come to market standout and move fast. Sellers can anticipate a relatively quick and painless home selling experience, especially in the entry to the mid-level range where demand is highest.
Zillow recently reported a 5.9% week-over-week rise in homes being listed for sale

At the peak of the pandemic panic, most real estate markets across the country saw little to no new homes being listed for sale. But with economies slowly beginning to open back up, sellers are starting to resume their moving plans.
What this means for sellers
More Americans are feeling confident that the real estate industry is strong and relatively unaffected by the economic downturn caused by the pandemic. Coupled with Strong Buyer Demand, those choosing to sell right now are in a great position to sell quickly and for a good price.
NAR recently reported that buyer demand is strong or stable in all 50 states

Before the pandemic, the 2020 real estate market was supposed to be one of, if not the, biggest millennial homebuying years. And new NAR data suggests that strong buyer demand has continued in almost all 50 states despite the pandemic.
What this means for sellers
The combination of strong buyer demand and low home supply will continue to drive a competitive real estate market with YOU (the seller) in the driver's seat.

This post first appeared on Re/Max Preferred Choice, please read the originial post: here

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Seller’s: Don’t Miss Out On This Opportunity!


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