Wednesday, July 14, 2021 / by Flr Team
As everyone knows, the housing market has been pretty good for the first half of the year. For the second half, it is looking to remain positive which contributes as to why there may not be a better time to sell than right now.
Here are four things to consider if you’re trying to decide if now is the best time to make a move.
Your House Will Move Quickly
The average days on market are a strong indicator of buyer competition, and of course, homes selling quickly are a great sign for sellers. It is also a huge indicator that buyers are motivated to do what it takes to buy their dream home.
Buyers Are Willing To Compete For Your House
While homes are selling fast, they are also receiving multiple offers. According to the National Association of Realtors, sellers are seeing an average of 5 competitive offers.
When Supply Is Low, Your House is in the Spotlight
One of the biggest challenges for motivated buyers is the amount of buyers vs the amount of homes for sale. While it is slowly improving, it still remains at a near-record low. If you are looking to take advantage of buyer demand and get the most attention for your home, selling now before more listings come to the market might be your best option.
If You’re Thinking of Moving Up, Now May Be the Time
In the last year, we have seen homeowners gain significant wealth through growing their equity. At the same time, homeowners have spent a lot more time living in their homes and realizing that it no longer meets their needs.
If you are one of those people that are currently unhappy in their home, you can use that equity to your power when it comes purchasing your next home. Adding your equity plus low mortgage rates can help maximize your opportunity to purchase something that you didn’t think you would be able to afford while also having it fit your lifestyle.
With that being said, if you’re looking to sell your home, talk to one of our trusted real estate professionals here at Florida Lifestyle Realty to discuss why it makes sense to list your house sooner rather than later!
Florida Lifestyle Realty