As we approach the end of this year, more homeowners are realizing that they can get a great deal by selling their homes. With record-breaking home price appreciation and an increasingly competitive mortgage market there have never been so many people who want to make changes in their lives for the better!
This is not surprising given how good life has become as prices continue climbing at unprecedented rates while your chance for finding another affordable property dwindles down every day–especially if you’re looking outside major cities like New York City or Los Angeles.
In fact, recent data from realtor.com shows that more homeowners are planning on listing their homes this winter than at any other time in the past few years! This means there will be plenty of choice for buyers when they go looking – which couldn’t hurt you OR me 😉
The good news is George Ratiu says we can expect more listings coming onto market soon: “This year could turn out to be one where demand exceeds supply.” Not only does he predict higher sales numbers during traditionally slow times like December; but also suggests these increased inventory levels should translate directly into lower prices because competition won’t hesitate as much between offers.
Selling your house this winter is an excellent idea if you want to stand out from the crowd. Here’s why:
The holidays are just around the corner, which means more buyers looking for homes that match their needs and requirements. If they see yours on sale now instead of waiting until springtime or summer- guess what? You’ll be one step ahead! Why wait when there’s so much competition already in motion right now with everyone trying hard at finding themselves specials deals before prices go up again next year?
A normal or neutral market will last for six months without a sufficient supply of homes. This ensures there’s enough time to find your dream house and make an offer, before prices go up!
The graph below shows how the number-of-months needed changes with different types of markets:
It’s hard finding a home of your own today. You’ve got to battle it out with other potential homeowners, and that means higher competition will have an impact on you too! As this continues in the market place expect prices for these homes are going up while sellers leverage does as well which puts them at their optimum position when negotiating contracts so they can get what works best for themselves
I bet if I was looking around town there were plenty where I could find something? But since all of my time is spent searching online right now…
This holiday season, I am listing my home to be in front of buyers competing for homes. Let us connect today and discuss how you can benefit from this sellers’ market as well!