The Fall 2020 edition of the Home Sellers Guide seasonal series, includes many tips such as Selling your Vero Beach House this fall, Why Low Inventory Is a Win for Sellers, Leveraging Your Equity, Why Pricing Your House Right Matters, and much more.
Take a look at what is inside in the Home Sellers Guide Fall 2020 and order yours today. It is FREE!
What is inside the Home Sellers Guide Fall 2020
SELLING YOUR VERO BEACH HOUSE THIS FALL
As we move through what is by far one of the most challenging years America has ever seen, the housing market is exceeding all expectations. It’s recovering in what is being called truly remarkable by industry experts. This is true for the Vero Beach Real Estate market. The benefits of selling a home this season are plentiful, and worth exploring if you’re thinking of making a move this fall.
Here’s why:
- Buyers Are Actively in the Market
- Inventory of Houses for Sale Is Low
- Home Prices Are Rising
- Mortgage Interest Rates Are Low
- Homeowner Equity Is High
WHY LOW INVENTORY IS A WIN FOR SELLERS
Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipping in favor of the sellers.
Why is inventory so low? There are many reasons why it’s hard to find a home to buy today, stemming from an undersupply of newly constructed homes to sellers pressing pause on their moving plans due to the health pandemic. One of the key factors making it even more challenging, however, is the amount of time current homeowners are staying in their homes. There has truly been a fundamental shift in the market that started about 10 years ago: people are staying put longer, and it’s contributing to the shortage of houses for sale.
As shown in the graph below, historical data indicates that staying in a home for 5-7 years used to be the norm, until the housing bubble burst. Since 2010, that length of time has trended upward, toward 9-10 years, largely due to homeowners aiming to recoup their equity.
LEVERAGING YOUR EQUITY
According to John Burns Consulting, strong>58.7% of homes in the U.S. have at least 60% equity, and 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear.
Why Pricing Your House Right Matters
In today’s real estate market, setting the right price for your house is one of the most important things you can do.
When it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and drive more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process.
When it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and drive more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process. Below is a graph showing why right pricing always wins.
If you want to sell your home 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 Summer 2020 Sellers Guide by completing the form below.
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[…] The Fall 2020 Sellers Guide includes many tips such as Selling your Vero Beach House this fall, Why Low Inventory Is a Win for Sellers, Leveraging Your Equity, Why Pricing Your House Right Matters, and much more. […]