The Winter 2021 edition of the Home Sellers Guide seasonal series, includes many tips such as Why You Shouldn’t Wait to Sell Your House, Why Low Inventory Is a Win for Sellers, Why People Are Moving this Season, Selling Your House with Today’s Technology, and much more.
What is inside the Home Sellers Guide Winter 2021
WHY YOU SHOULDN’T WAIT TO SELL YOUR HOUSE
Many homeowners think selling in the spring when more buyers are in the market is the way to go. In reality, it’s more about the ratio of buyers to sellers that creates opportunities. Selling when the fewest number of homes are available to buy is what puts sellers in the driver’s seat. With today’s high buyer traffic and low inventory, this power combination makes now the optimal time to sell – before your neighbors put their homes on the market in the spring.
Here’s why:
- High Buyer Demand
- Low Inventory of Houses for Sale
- Home Prices Are on the Rise
- Mortgage Interest Rates Are at Historic Low
- Homeowner Equity Is High
WHY LOW INVENTORY IS A WIN FOR SELLERS
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
According to NAR, right now unsold inventory sits at a 2.5-month supply at the current sales pace. To have a balanced market where there are enough homes for sale to meet buyer demand, the market needs 6 months of inventory. Today, we’re nowhere near that number. If this trend continues, it will get even harder to find homes to purchase, and that may slow down potential buyers.
The Weekly Recovery Report from realtor.com keeps an eye on the number of listings coming into the market (houses available for sale) and the total number of listings staying in the market compared to the previous year (See graph below):
The Vero Beach real estate market also follows the same pattern. Get the Vero Beach market insights here.
WHY PEOPLE ARE MOVING THIS SEASON
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many people to re-evaluate what homeownership means and what they find most important in a home.
With a new perspective on homeownership, here are some of the top reasons people are reconsidering where they live and making moves this season.
- Working from Home
- Virtual and Hybrid Schooling
- A Home Gym
- Outdoor Space
SELLING YOUR HOUSE WITH TODAY’S TECHNOLOGY
In a survey by realtor.com, people thinking about selling their houses today indicated they’re generally willing to allow their agent and some potential buyers inside, but only under the right conditions. With the current safety guidelines and technology options recommended by the National Association of Realtors (NAR), real estate agents are well versed in using safe and effective virtual practices and emerging technology throughout the process.
Working with a trusted professional who’s skilled with today’s changing virtual practices may help you win big. While always abiding by state and local regulations, agents know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select the technology that would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:
- Virtual tour of the home
- Accurate and detailed listing information
- Detailed neighborhood information
- High-quality listing photos
- Agent-led video chat
If you want to sell your Vero Beach house in the least amount of time at the best price with as little hassle as possible, let’s get together to find out what you need to do to sell your home as quickly as possible.
For more information on how to sell your Vero Beach house for the shortest possible time and net the most money get a copy in this FREE Winter 2021 Sellers Guide by completing the form below.
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[…] The Winter 2021 Sellers Guide includes many tips such as Why You Shouldn’t Wait to Sell Your House, Why Low Inventory Is a Win for Sellers, Why People Are Moving this Season, Selling Your House with Today’s Technology, and much more. […]