Are you considering selling your home in Northeast Indiana but not sure if the time is right? The housing market is constantly in flux, but most experts agree that the current housing market considerably favors home sellers.
1. SELLERS ARE IN CONTROL
A seller’s market occurs when more people are looking to buy homes than the number of properties on the market. During a seller’s market, properties consistently sell at or above asking price. Buyers will often offer their best price right away to ensure their offer is accepted. Sellers in today’s market have the upper hand and can be pickier with the bid they choose.
2. DEMAND IS HIGH
With a considerable demand for homes in Northeast Indiana and persistent low inventory, buyer demand is on your side. Highly motivated buyers are ready to overlook a less than perfect home and are more willing to buy a house as-is rather than negotiate cost, terms, or repairs.
3. INVENTORY IS LOW
The historically low inventory means that houses are selling quickly. Gone are the days of homes sitting on the market for months on end. Rather, homes are selling at record speed for higher prices - making it the ideal time to list your home.
4. HOME PRICES ARE UP
With the demand for housing at an all-time high and low inventory, conditions are perfect for sellers to get the high prices they’ve been waiting for on their homes. In the current market, you can expect your home to sell for the asking price or easily above if your home is priced right the first time. Having a professional Realtor® on your side will help you get the most out of your valuable investment.
5. MORTGAGE RATES STILL LOW
Although mortgage interest rates have gone up some this year, they are still historically low, driving buyer interest. Buyers looking to take advantage of the current mortgage interest rates in this fast-paced market would greatly benefit from the help of a real estate professional.
In this highly competitive market, the Realtors® of Mike Thomas Associates can help you market and price your home right the first time to get the most out of your investment. Our expert, real estate professionals are here to negotiate the right deal for you and your future. Give us a call today!