An historic low inventory of homes on the market combined with a surplus of ready-to-close buyers have created the perfect opportunity for sellers to get top dollar for their home. If you’ve been considering listing your home for a while, here a few reasons why now is the best time to put it on the market.
INCREASED HOME VALUES
Demand for homes is at an all time high as the number of homes available for sale remain limited. As a result, bidding wars have found their way back to the real estate arena. Now, more than ever, is the best time to put your home on the market as buyers relocating to South Florida are competing with local buyers for homes.
This scenario has caused home values to increase as desirability increases. Sellers can expect to receive top dollar for their home.
LOW MORTGAGE INTEREST RATES
The pandemic has had many unforeseen impacts on the real estate market. One of which being low mortgage interest rates. This was done to keep the housing market in a healthy condition while we all navigate through this unprecedented time. More buyers have entered the search for their dream home causing a greater demand of homes while there are so few for sale. Buyers can take advantage of low mortgage interest rates as they struggle to find an available home to purchase.
HOMES ARE SELLING – FAST
Sellers have taken the current real estate climate to take advantage of the market. Sellers can demand almost anything and chances are – they will get it. Buyers are scrambling to find homes as soon as they reach the market to submit their best offer. This is a key reason why having a real estate advisor is beneficial. Real estate agents often form relationships with other local agents. This creates a useful network of information. Be selective when it comes to deciding who will be your realtor. Do your research, make sure that they have a good reputation. Well connected agents are more likely to share information and may learn about off market listings faster.
The above factors have created the perfect storm for sellers to sell and buyers to buy. Except in today’s case, the number of buyers far outweighs that of sellers. This is why now is the right time to sell. Even if you want to sell but not quite ready to move. How? Take advantage of a post-occupancy. Which is an agreement between all parties that allows the seller to remain in the home after closing day for an agreed upon length of time.
For more reasons on why now is the right time to sell or for more strategies on how you could take advantage of today’s real estate market call us, The Connie Cabral Group, today at 305.776.0899 or send us an email to ConnieCabral.com.
Our team of certified luxury property specialists go above and beyond for our clients – from first contact to after closing.