Selling in a Low Inventory Market
In a seller’s market, there are more home buyers than sellers, making the pricing demand for homes surge. It’s a perfect time to place your property on the market to monetize on the competitiveness facing home buyers. With low inventory challenges, potential buyers have a greater sense of urgency willing to overbid one another to seal their dream homes. Sellers now are receiving substantial bids in record time.
Skip On the Renovations
Often, when you decide to sell your home, minor (or major) repairs and upgrades need to be done before showings. With the market uproar, homebuyers are closely following real estate listings and jumping on properties that may not meet their desired design. Sellers could likely save some money by limiting forgoing expensive projects altogether. Significant problems, of course, like a leaky roof, have to be addressed before a potential home buyer purchases, but fixing an older design bathroom to modern is not a concern in this market. As a seller, your responsibility in this fast-paced market is to declutter your home and depersonalize the house, so it’s easier for buyers to imagine themselves living there. The homebuyers are so eager to get in they will fix it up to their liking and renovate it on their dime and schedule.
Sellers Have the Upper Hand
The primary motivation for selling in this market is that you can save for another investment such as a new home or relocating for retirement, the option is yours. When you work with a top listing agent in New Jersey, you can have insights into upcoming homes approaching the market or access to exclusive rentals, fitted for your new lifestyle.
Monetize on the Market Now Before it Reverts
With the country opening back up, many are considering selling their properties sooner rather than later. Marking a potential shift in the market. Should mortgage rates change, this could compound the number of home buyers available making the opportunity to sell that much more appealing to earn a profit.