Sellers: Now is a great time to put your home on the market.
What opportunities are there for sellers right now? Here’s what you need to know about our current market.
First, interest rates are as low as they’ve ever been, and these low rates are driving a ton of motivated, qualified buyers to the market. Additionally, inventory is as low as it’s been in a long time. These two factors are ramping up competition among buyers for the limited number of homes for sale and increasing prices.
So if you are considering a move—whether that means upsizing, moving out of state, or cashing out—it’s a great time to sell. We’re seeing high demand for homes in the $500,000 to $850,000 price range. We even had a home that received 50 offers recently! If you plan on upsizing into the higher-end price ranges, the good news is that there is more inventory to choose from above the $1 million price point.
“Interest rates are as low as they’ve ever been, and these low rates are driving a ton of motivated, qualified buyers to the market.”
That being said, there are certain precautions you still need to take while listing your home to maintain your health and safety due to the coronavirus. For example, if you have to buy and sell, our team allows you to recast your loan, wherein you can buy your next home and move into it without having to sell your current one. This way, your original home can be vacant when you put it on the market.
This option doesn’t work for everyone, though, so if you have to live in your current home while putting it on the market, we implement several preventative measures. First, we ensure that all buyers who enter your home are pre-approved. They also need to sign an agreement that verifies their health and prevents them from entering the home if they’ve been around anyone who has COVID-19. Lastly, anyone who attends a showing must wear masks and gloves and use hand sanitizer. In between showings, anything that was touched inside the home gets sanitized.
If you have more questions about our market or you’re ready to sell your home for a top dollar right now, don’t hesitate to reach out to me. I’d be happy to help.
