Want to get top dollar for your home? Here’s why you should sell now!
Our current market is solidly a seller’s market, which means that there are fewer homes on the market than there are buyers. This limited supply of homes is one of your biggest advantages as a seller right now.
But if you wait to sell when the market turns, you can expect more listings to end up on the market. This can make it difficult to get your home to stand out and attract buyers because more listings equals more competition.
That’s why selling now is a good idea when there are fewer homes available for sale. Let’s go over why this can be used to your advantage:
With fewer homes currently on the market, buyers have more limited options. This can help your listing stand out and get more attention! Additionally, you face less competition from other sellers. With more buyers competing for the same homes, you can even encounter a bidding war, potentially driving up your final sale price.
You’ll also find that limited inventory results in quicker sales. If your home is well-priced and well-maintained homes, it will likely sell quickly as a lucky buyer will want to snag it before someone else does! This can be a big plus if you’re looking to move quickly and have a smooth transaction.
The limited inventory in our market can also lead to a higher sales price for you. It’s all about supply and demand! When supply is low and demand is high as it is now, homes sell for more as buyers are willing to pay more to secure a property they love.
Lastly, fewer listings give you more leverage in negotiations as the seller. Buyers know that homes are scarce and are often more motivated to make serious offers in addition to working with you on negotiations. As a result, you can be more selective about the terms of the sale, like the closing date or contingencies.
If you’re still deciding whether to list your home, these benefits can help you achieve a successful sale. Ready to capitalize on the current market and get the best price for your home? Reach out and let’s schedule an appointment to strategize what is best for you and your property!
https://anitalwilliamson.com/events/I’m Anita L Williamson, Associate Broker with James River Realty Group helping you establish roots in Central Virginia.Â
