In today’s housing market, homeowners have an excellent opportunity to sell their houses and receive the best terms for their situation. That’s because there’s a limited number of homes for sale, creating competition among buyers. Right now, homebuyers want three things:
- To be the winning bid on their dream home
- To buy before mortgage rates rise more
- To buy before home prices go even higher
These buyer needs give you a fantastic advantage when you sell – also known as leverage.
What Does This Mean for Sellers Today?
You might already realize this enables you to sell at a reasonable price, but you’re also in a great position to get the best terms to suit your needs.
According to the latest Realtors, Confidence Index from the National Association of Realtors (NAR), the average home sold receives 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.
And if you have questions at any point in the process, remember your trusted real estate advisor can help. They’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.
Bottom Line
If you’re thinking of selling your home, knowing buyer demand in today’s market gives you an excellent opportunity to get the best terms and price when you sell your house. Let’s connect today to discuss how much leverage you have as a seller in today’s market.