There may never be a better moment to sell your home than right now. The current real estate market is favourable to sellers due to limited inventory and rising demand. Here are three reasons to think about selling your home right now.
Low inventory
The lack of available housing is one of the most important variables affecting the real estate market right now. Due to the COVID-19 pandemic’s uncertainty, many prospective house sellers are delaying advertising their properties. Due to this hesitation, there aren’t as many houses on the market, which increases demand and raises property prices. Given that buyers are actively looking for homes and are prepared to pay top dollar for them, if you have been thinking about selling your property, this may be the ideal time to do it.
The number of offers is increasing
Many purchasers are finding themselves in bidding battles with other interested parties as a result of the restricted supply of available houses for sale. Multiple bids can increase the value of your home and speed up the selling process. Now can be the ideal moment to put your house for sale if you want to receive the best price for it. The final sale price of your house can rise significantly if several bidders are bidding for it.
Your equity could support a change.
You’ve probably accrued some equity if you’ve owned your house for a while. You can utilize the equity from the sale of your house to pay for your upcoming relocation, whether it’s upsizing to a bigger house, downsizing to a smaller one, or moving to a new location. Utilizing your equity as a down payment on a new house can make it simpler to get approved for financing and purchase a bigger, more expensive home. You might have the money you need to make your next move if you sell your house right away.
Due to a lack of available inventory, competitive bidding, rising demand, and multiple offers, the current real estate market is favourable to home sellers. This could be a great moment to sell your home if you’ve been considering it. You can sell your house quickly and for top cash by taking advantage of the current market conditions, and you can use the equity you generate to pay for your next move.
If you’re ready to take advantage of the current real estate market and sell your house, list your property with us. Our experienced team of real estate professionals can help you navigate the selling process and ensure that you get the best possible price for your home. Contact us today to schedule a consultation and take the first step towards a successful home sale.
