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Many sellers are unsure whether or not to wait until next spring before
listing their home. The confusion comes with a combination of age-old
schools of thought that predict the spring season as being almost the
only season for homes to sell successfully. Not true.
A lot of homeowners are under the impression that homes are not selling
at all, whereas in our own experience, time and again we continue to see
complete opposite results. So much so, that we are defying the
myths of never ending days on market statistics with many properties
going under contract in approximately two weeks. Here’s why.
There are so many buyers in the marketplace right now that are eager to
lock in the phenomenal interest rates and market conditions that
continue to allow a very significant amount of buying power. The
interesting thing is that while it is a strong buyers’ market in that
sense, sellers are still enjoying an edge with the lower inventory that
comes with it being this time of year.
Regardless of which side of the fence you are on, either way you look at
it the market is strong. People are out there buying. If there are
fewer homes available on the market, then that only means that there is
less selling competition. This of course translates to top dollar and
incredibly quick, hassle-free transactions in which everyone comes out a
smiling winner.
So to answer one of the most frequently asked questions I am getting
these days, it IS a great time to sell your home. Sure, you could wait
till spring. But keep in mind that so will countless other sellers and
by the time springtime blooms are back out, so will equally as many more
“for sale” signs, competing with you.
By listing your home now, you can harness the power of the buyers that
are striving to find that perfect property before the holidays kick in.
Contact us today if you’d like a custom, home valuation report detailing
exactly what we expect your home will sell for in today’s marketplace.
Our team looks forward to hearing from you and helping your real estate
goals come to fruition.
Is the First Offer the Best Offer?
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We’ve seen it time and again. A seller eagerly lists their home, finds a buyer with a serious offer but chooses to wait things out and see if other (better) offers come along. While it can happen and it does sometimes, the problem is that there is a process usually followed by buyers and along with it a pipeline. Here is a look at how they lead up to making an offer and how by the time the first buyer seriously considers your home they are likely the most viable one.
Buyers Are More Educated
With the advent of technology, the entire real estate industry has changed. Gone are the days when buyers would rely solely on their agent to find a home to suit their needs. Today, the Internet has taken over. In fact, studies show that over 90% of buyers spend weeks online searching for their perfect home before even talking to an agent.
So by the time a buyer is at your doorstep with an offer, there is a good chance they have thoroughly researched every aspect of the local market. They are fully aware of your competition, have weighed all pros and cons of your home and are seriously interested in your property. After countless open houses and obtaining plenty of education about the real estate market in their area, they know when they see a property that suits their needs. In many cases they are waiting for the perfect one to become available so the minute it does, they make an offer.
By the Time They Make an Offer, They Are Well Into the Process
Where sellers go wrong is to want to wait for more offers. In the process, those very serious buyers that have already made their interest in your home known will likely find another home to suit their needs. Buyers today are savvier than ever before – and with that education that they so readily find and absorb from various sources (the Internet, other publications, their peers, professionals) they have an acute knowledge of the market.
In the process of selling your home, it is critical to keep all factors in mind. Factors such as the condition of the market, your agent’s recommendations, current inventory levels, the number of days most properties remain on the market before being sold and of course prices. Putting all of that into play will change how you handle that first buyer but remember – the first buyer will almost always be your best buyer.
~
For a consultation that is customized to your needs, contact us today. We look forward to serving you!
We’ve seen it time and again. A seller eagerly lists their home, finds a buyer with a serious offer but chooses to wait things out and see if other (better) offers come along. While it can happen and it does sometimes, the problem is that there is a process usually followed by buyers and along with it a pipeline. Here is a look at how they lead up to making an offer and how by the time the first buyer seriously considers your home they are likely the most viable one.
Buyers Are More Educated
With the advent of technology, the entire real estate industry has changed. Gone are the days when buyers would rely solely on their agent to find a home to suit their needs. Today, the Internet has taken over. In fact, studies show that over 90% of buyers spend weeks online searching for their perfect home before even talking to an agent.
So by the time a buyer is at your doorstep with an offer, there is a good chance they have thoroughly researched every aspect of the local market. They are fully aware of your competition, have weighed all pros and cons of your home and are seriously interested in your property. After countless open houses and obtaining plenty of education about the real estate market in their area, they know when they see a property that suits their needs. In many cases they are waiting for the perfect one to become available so the minute it does, they make an offer.
By the Time They Make an Offer, They Are Well Into the Process
Where sellers go wrong is to want to wait for more offers. In the process, those very serious buyers that have already made their interest in your home known will likely find another home to suit their needs. Buyers today are savvier than ever before – and with that education that they so readily find and absorb from various sources (the Internet, other publications, their peers, professionals) they have an acute knowledge of the market.
In the process of selling your home, it is critical to keep all factors in mind. Factors such as the condition of the market, your agent’s recommendations, current inventory levels, the number of days most properties remain on the market before being sold and of course prices. Putting all of that into play will change how you handle that first buyer but remember – the first buyer will almost always be your best buyer.
~
For a consultation that is customized to your needs, contact us today. We look forward to serving you!
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