Let Me Count the Ways...

By
Real Estate Agent with KW Evolution - Topsfield, MA 92593-B

Have you found yourself sitting on the hedge wondering whether you should put your home up for sale in the active market? You're not in that boat by yourself, by any means at all. With all that's happened this year, it's not surprising that folks are hesitating.

* While inventory IS low, the housing market has been on fire!

* Prices are rising

* Interest rates are under 3%

* Now, add the flight from the large population centers to the mix. This puts  sellers in a good position.

*AND Buyers abound!

Here's an article from the folks ay KCM about how low inventory is a win.

 

Three Ways Low Inventory Is a Win for Sellers

Three Ways Low Inventory Is a Win for Sellers

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):

“There is no shortage of hopeful, potential buyers, but inventory is historically low.”

When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house. Here are three ways low inventory can help you win if you’re ready to make a move this fall.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently entering into bidding wars for the houses they want to purchase. This buyer competition drives home prices up. As a seller, this can definitely work to your advantage, potentially netting you more for your house when you close the deal.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which drives an increase in the equity you have in your home. In the latest Homeowner Equity Insights ReportCoreLogic explains:

“In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity.”

This year-over-year growth in equity gives you the ability to put that money toward a down payment on your next home or to keep it as extra savings.

3. Better Terms

When we’re in a sellers’ market like we are today, you’re in the driver’s seat if you sell your house. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally move into their dream home.

So, is low housing inventory a big deal?

Yes, especially if you want to sell your house at the perfect time. Today’s market gives sellers immense negotiating power. However, it won’t last forever, especially as more sellers return to the housing market next year. If you’re considering selling your house, the best time to do so is now.

Bottom Line

If you’re interested in taking advantage of the current sellers’ market, contact a local real estate professional today to determine your best move.

The time to make your move (pun intended) is NOW!!

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (8)

Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello Doug! I must say, you really impress me sir. What a well written post full of vital information. Thank you for raising the standard and being such an informative resource!

Oct 30, 2020 11:17 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Doug Dawes low inventory is a "big win" for sellers.... and you've listed three great reasons..... I still like a level market.... when we have one, it's a quick session!!

Oct 30, 2020 11:18 AM
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Rocky Dickerson 

It is KCM that wrote the article. I wrote the introduction and just shared the rest of the information, BUT I thank you for your kind words

Oct 30, 2020 11:27 AM
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Barbara Todaro I wish there was a perfect market 24/7/365 AND interest rates may drop a bit more!!

Oct 30, 2020 11:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, great article to share, and buyers should be listening - it is a great time to buy.

Oct 30, 2020 03:43 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share.

I hope you have enjoyed a very productive month.

Oct 31, 2020 08:32 AM
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thank you Joan Cox. It's information that we provide as a service that folks need to know

Nov 02, 2020 11:52 AM
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hello Roy Kelley 

My month was good in many aspects, thank you.

Nov 02, 2020 11:53 AM