Does it make sense to put your home on the market this summer?
Yes, and here are five reasons why:
Your competition is low.
We are currently in a Buyer’s market, meaning that there are fewer homes listed for sale. Since your property is in high demand, you are more likely to get top dollar for your home. If you are a homeowner that has gained equity as your home value has increased, you may want to consider talking to a real estate advisor about listing.
The buyers are back!
Since some of the coronavirus restrictions are easing up, people are now looking to move. Buyers are willing and ready to get out of their old houses and into new surroundings. Many buyers are competing against one another to buy homes that are listed. This could be extremely beneficial in getting the price you want for your home.
Low mortgage rates.
Right now, mortgage rates are low. You may want to lock in on a mortgage rate now before they go back up! Reach out to a real estate advisor or a mortgage loan officer to learn about the current rates and how they can benefit you.
School is out.
Don’t worry about pulling your kids out of school and trying to move at the same time. Now is the best time to list your house before the kids have school, sports or extracurricular activities to attend. Use this break to your advantage, because things will be picking back up soon!
Maybe it is time to move on.
After quarantining inside and glaring at the faults in your home, you may be thinking that it is time for an upgrade or change in scenery. Do you want to stay in the city you have already built roots in? Are you considering moving to another state? What does a positive change look like for your family? Whatever the case may be, you may be ready for a shift in the right direction.
If you’d like to see what listing your home could look like for you and your family, please feel free to reach out to one of our real estate advisors here.