If you’re thinking of relocating, selling your house this fall could be the way to go. Here are four highlights in the housing market that may ease your decision to sell this fall.
1. Buyers Active In The Market
Showing Time, a leading property showing program and market statistics provider, only reported that buying traffic jumped 60.7% compared to this time last year. That’s a huge increase.
It’s clear that buyers are willing, willing and buying – and they’re in the market right now. In many regions of the country, many buyers are entering wars to compete for the home they want. Take advantage of the buying activity currently in the market so that you can sell your house in the most favorable conditions.
2. There Are Not Enough Homes For Sale
At the latest Existing Home Sales Report, la National Association of Real Estate Agents (NAR) announced that there are only 1.49 million units to be sold. That number was down 18.6% from a year ago. This means that in most of the country there are not enough homes for sale to satisfy the number of buyers.
Due to the health crisis, many homeowners have been hesitant to list their homes earlier this year. That will change as the economy continues to recover. Buyer choices will increase in the new year. Don’t wait until more sellers come to market before you decide to move on.
3. The Process Goes Fast
Today’s ultra-competitive environment has forced buyers to do everything possible to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the whole sale process easier, as buyers know exactly what they can afford before buying a home. According to the latest Report on Origins of Ellie Mae, the time required to close a loan is only 49 days.
4. Maybe Never More Important Time Will Move
You’ve probably spent much of the last six months in your current home. Maybe you now realize how small it is, and you need more space. If you work from home, your kids are doing virtual school, or you just need more space, your current floor plan may not work for your family’s changing needs.
Home builders are starting to build houses again, so you can choose the right floor plan to match what your family needs, and you can make sure that the outdoor space is also what you want.
The housing market is major for sellers right now, so let’s connect to start the process this fall. If the time is right for you and your family, the market is calling your name.
Content previously posted in Keep Current Things