Sellers Right Now Is a Once-in-a-Lifetime Opportunity to Sell Your House
NOW IS THE TIME!
Yes now is the time to put your house on the market. The inventory is still very low and multiple offers are coming in.That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Lawrence Yun, Chief Economist for NAR, explains:
“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it’s likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”
The reality is, inventory decreases every year in December. That’s just how the typical seasonal trend goes in real estate. However, the following graph emphasizes how this December was lower than any other December going all the way back to 1999.
In the case of homeowners who are thinking about selling, there may never be a better time than right now. While demand is this high and inventory is this low, you’ll have leverage in all aspects of the sale of your house.
- Competitive sales price
- Flexible closing date
- Minimal offer contingencies