3 Reasons to Sell Your House Instead of Waiting
If you’re thinking about selling your home, now’s the time to act. Even with inflation and interest rates so high right now, the market conditions are working in your favor. By putting off a sale until next spring or summer, you could actually lose out on a higher selling price. So, ignore the traditional selling advice and get your house on the market! While there’s no denying that the real estate market is a little crazy right now, the current financial situation is actually in your best interest. Prices are high, supply is low, and buyers are dying to move into new homes. If you’re wondering how to sell my house fast check out this website instead of waiting. If you’re not convinced, keep reading.
We’ll explain three reasons why the best time to sell your home is now, rather than waiting.
1. Buyers are Hungry for Whatever They Can Find
Following the 2008 financial crisis, American home development went into hibernation, and, throughout the 2010s, fewer homes were built than in any of the previous 6 decades. This effect created a massive housing shortage in a nation that’s experienced steady 7% population growth. Matched with the maturation of the Millennial generation, let’s just say that there’s an abundance of buyers and a lack of available homes.
With such an imbalance, sellers have the upper hand in negotiations and can expect to field multiple offers, often above their asking price. We’ve seen this trend reach its upper limits in the last few months, as housing prices have shot up well above their actual value. So, if you’re able to sell your home in the current market, you’ll likely earn more than your home is worth.
2. New Constructions are Coming and They WILL Compete
Analysts have quickly caught on to the new American housing crisis and are now implementing corrective measures. This means that the number of new home developments is on the rise, which will help to alleviate the housing shortage in the coming years. But, in the meantime, these new homes will only serve to create more competition for your home.
As more and more buyers have their pick of homes, they’ll be able to be choosier and, as a result, may be less interested in an older home that needs repairs or updates. If you want to maximize your chances of selling quickly and for a good price, you need to get your home on the market before the new houses do. If you cannot wait to make repairs or lack the finances to do so, you have other options as well. By selling your home to a direct real estate investor for an upfront cash payment, you can earn a large percentage of your home’s value in as little as a few days. With home values so high right now, this could be your best bet.
3. Why Wait to Make a Life Change?
We get it, selling your home is a big decision. But, if you’ve been thinking about making a change, now’s the time to do so. If you’ve been wanting to downsize, move to a new city, or buy a bigger home, now is the perfect opportunity. With prices and interest rates approaching all-time highs, you may never have a better chance to achieve your real estate goals.
After all, as housing prices continue to rise, you’ll stand to make a profit on your current home, which you can then invest into a larger property. If you wait any longer, the value of a new property will continue to increase, and you’ll end up paying more than you would if you sold your current home now. Most importantly, though, think about what’s most important to you and your family. Rather than putting off that new job or waiting to improve your housing situation because of market hesitancy, embrace what could be a smart financial shift and take the leap.
The Bottom Line
Right now, the real estate market is working in your favor so, if you’re thinking about selling your home, now’s the time to do it. We buy houses for cash and will make you an offer today on your home. With prices at all-time highs, you stand to make a profit on your home, which you can then invest into a larger property. So, don’t wait any longer – get your home on the market and start enjoying your new life.