If the current health crisis has you holding off selling your home, it's time to move forward. You might not realize this, but right now is actually the perfect time to sell your home. If you're still not sure you should sell your home right now, read the information provided below. You'll find four great reasons to talk to a real estate agent right now.
1. Increased Demand for Single-Family Homes
If you've driven through your neighborhood lately, you've probably noticed a reduction in the number of "for sale" signs. There's a couple of reasons for that. First, many people are waiting to put their homes on the market until the crisis is over. Second, the homes that do go on the market get sold very quickly. In fact, some homes sell within days of being placed on the market. This situation has created an increase in the demand for single-family homes, which is why you should sell your home right now.
2. Increased Offers for Cash-Only Purchases
There was a time when a large percentage of home buyers required a bank loan. Unfortunately, bank loans take time to process. Not only that, bank loans aren't always approved. One of the benefits of selling your home right now is that there's an increase in offers for cash-only purchases. That means that many homebuyers now have cash in hand to buy their next home. As a result, you won't need to wait through a lengthy escrow process or deal with loan denials.
3. Increased Single-Family Home Prices
Home prices have been rising over the past year, and they continue to rise. However, home prices will begin to decline at some point. If you wait too long, you might miss out on the opportunity to sell your home for top dollar. To take advantage of higher selling prices, put your home on the market as soon as possible.
4. Increased Opportunities for Buyers
Look at the buyer opportunities that are available right now. First, interest rates are at an all-time low, which means buyers will save money when they finance their new home. Second, lenders have relaxed the requirements for home loans, which means buyers have a better chance of securing a loan. Both of these buyer opportunities make right now the best time to put your single-family home on the market.
If you want to buy or sell a single-family home, reach out to local real estate agents and brokers.