Sellers Market

If you're thinking of selling your home, now is the time to make your move. With high demand and low inventory, it's a seller's market. If you're still not convinced, here are a few reasons why listing your home now is a smart move.

Firstly, the market update shows that buyers are actively looking for a home to call thiers. With the current low inventory, they're struggling to find the right property. This means that your home has a higher chance of selling quickly and for a higher price.

Additionally, the neighborhood you live in also plays a crucial role in the value of your home. If you're residing in an area with high demand, your home is more likely to fetch a higher price. This is because buyers are willing to pay a premium price to live in neighborhoods that offer a great quality of life.

Another factor to consider is that the mortgage rate hikes have only seen its 2nd hike in 2023 so far and fixed terms are still at an okay rate, this has created a surge in demand for properties. Buyers who were previously waiting, can now purchase a home rather then settle for a condo or town house(both are still also very much in demand). This has pushed up the demand for homes, making it a seller's market.

Selling your home now also means that you're in a better position to negotiate. With multiple offers on your property, you can choose the best deal that works for you. This includes the price, the closing period, and even the repairs that the buyer will take on.

In conclusion, listing your home in a seller's market is a smart move. With high demand and low inventory, your property has a higher chance of selling quickly and for a better price. Additionally, the neighborhood you live in, and the ability to negotiate make this the right time to sell. Don't wait too long to list your home; take advantage of the current market conditions and sell your home today.