It’s a great time to be a seller! Here are the top three reasons why it will pay to sell your home now.
Inventory is low, but demand is still high.
There are more buyers than there are homes – a perfect situation to take advantage of. Realtor.com predicts that “inventory will remain tight in the first part of this year, reaching a 4% year-over-year decline by March”. Katie Griswold, a realtor with Pacific Sotheby’s in Southern California says, “We’re in a very favorable seller’s market,” she says. “We’re seeing bidding wars—which push up prices—and buyers are submitting offers with very pro-seller terms, like forgoing the repair request or waiving the appraisal contingency.”
Millennials are ready and willing to buy.
Conditions in 2018 are perfect for first-time home buyers. Millennials could account for 43% of home buyers taking out a mortgage in 2018 (a 3% year-over-year increase), according to realtor.com data. More buyers entering the market = a good thing for everyone!
Home prices are increasing.
All over the United States, prices continue to rise. If you sell this year, you have a good chance to make a good profit. Realtor.com data suggest a 3.2% increase year over year, after finishing 2017 with a 5.5% year-over-year increase. The earlier you list, the better.
Trey Willard, CEO The W Group
Berkshire Hathaway Home Services – United Properties
8440 Jefferson Hwy. Suite 100 Baton Rouge, LA 70809
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