06/05/2021
🏡 4 Reasons Why Homeowners Should Sell Now 🏡
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.
1. Homeowners don’t know if they’ll be able to secure their next home before selling.
In negotiations, leverage is the power that one side may have to influence the other side while moving closer to their negotiating position. A party’s leverage is based on the ability to award benefits or eliminate costs on the other side.
In today’s market, buyers have compelling reasons to purchase a home now:
✅ To own a home of their own
✅ To buy before prices continue to appreciate
✅ To secure a mortgage at a historically low rate, while they last
These buyer needs give the seller tremendous leverage.
2. Homeowners don’t know if their current home will sell for the asking price or top market price.
This is the perfect time to maximize profits while selling a house. Whenever there’s a bidding war, the price of the item for sale escalates.
3. Homeowners don’t know if they will get an offer without their home requiring work or updates.
Again, leverage is the greatest strength a seller has in this market. Due to the lack of homes for sale, many buyers are more willing to take on home improvement projects themselves in order to get the home they’re after.
4. Homeowners don’t know if they can have a quick closing process.
When speed is important, there are two points sellers should look at:
➡️ The time it takes to find a buyer for the home
➡️ The time it takes to close the transaction
Selling your house can be a pain in the rear, especially in a fast-paced market.
However, the fact that we’re in such a strong sellers’ market clearly eliminates many common concerns.
Contact Me today to learn more about the opportunities for homeowners who are ready to sell.
Jason Price ~ Real Estate Agent
337-302-8447
337-522-7554 ext. 713
ExP Realty, LLC
949 Ryan St., Suite 240
Lake Charles, La 70601
Licensed by the Louisiana Real Estate Commission
The Doga Team for all your real estate needs! Helping you find the place for your LIFE to happen in Southwest Lousiana