{"id":7480,"date":"2021-03-08T11:00:12","date_gmt":"2021-03-08T11:00:12","guid":{"rendered":"https:\/\/thezakariagroup.com\/5-reasons-to-sell-your-house-this-spring\/"},"modified":"2021-03-08T11:00:12","modified_gmt":"2021-03-08T11:00:12","slug":"5-reasons-to-sell-your-house-this-spring","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/5-reasons-to-sell-your-house-this-spring\/","title":{"rendered":"5 Reasons to Sell Your House This Spring"},"content":{"rendered":"
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\"5<\/p>\n

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you’re ready.<\/span><\/p>\n

1. There’s high demand from homebuyers.<\/strong><\/h4>\n

Buyer demand is strong right now, and buyers are active in the market. ShowingTime<\/em>, which tracks the average number of buyer showings on residential properties, recently announced that buyer showings are up 51.5%<\/strong> compared to this time last year. Daniil Cherkasskiy, Chief Analytics Officer <\/em>at ShowingTime, <\/em>notes<\/a>:<\/p>\n

\n

“As anticipated, demand for real estate remains elevated<\/strong> and continues to be affected by low levels of inventory…On average, each home is getting 50 percent or more requests this year compared to January of last year.<\/strong> As we head into the busy season, it’s likely we’ll push into even more extreme territory until the supply starts catching up with demand.”<\/em><\/p>\n<\/blockquote>\n

When your house is positioned to get a ton of attention from competitive buyers, you’re in the best spot possible as the seller.<\/p>\n

2. There aren’t enough houses for sale.<\/strong><\/h4>\n

Purchaser demand is so high, the market is running out<\/a> of available houses for sale. Recently, realtor.com<\/em> reported<\/a>:<\/p>\n

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“Nationally, the inventory of homes for sale in February decreased by 48.6% over the past year<\/b>, a higher rate of decline compared to the 42.6% drop in January. This amounted to 496,000 fewer homes for sale compared to February of last year.”<\/em><\/p>\n<\/blockquote>\n

The National Association of Realtors<\/em> (NAR) also reveals<\/a> that, while home sales are skyrocketing, the inventory of existing homes for sale is continuing to drop dramatically. Houses are essentially selling as fast as they’re hitting the market – in fact, NAR reports<\/a> that the average house is on the market for only 21 days.<\/p>\n

It’s this imbalance between high buyer demand and a low supply of houses for sale that gives sellers such an advantage. A seller will always negotiate the best deal when demand is high and supply is low.<\/strong> That’s exactly what’s happening in the real estate market today.<\/p>\n

3. You have a lot of leverage in today’s market.<\/strong><\/h4>\n

Clearly, many more people are interested in buying than selling this spring, creating the ultimate sellers’ market<\/a>. When this happens, homeowners in a position to sell have the upper hand in negotiations.<\/p>\n

According to NAR, agents are reporting<\/a> an average of 3.7 offers per house <\/strong>and an increase in bidding wars. As a seller, this means the ball is in your court – so much so that you can use your leverage<\/a> to negotiate the best possible contract. Demand is there, and now is the perfect time to sell for the most favorable terms.<\/p>\n

4. It’s a great way to use your home equity.<\/strong><\/h4>\n

According to the latest data<\/a> from CoreLogic<\/em>, as of the third quarter of 2020, the average homeowner gained $17,000 in equity <\/strong>over the past year, and that number continues to grow as home values<\/a> appreciate. Equity<\/a> is a type of forced savings that grows during your time as a homeowner and can be put toward bigger goals like buying your next dream home.<\/p>\n

Mark Fleming, Chief Economist<\/em> at First American,<\/em> notes<\/a>:<\/p>\n

\n

“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home<\/strong> – the wealth effect of rising equity. In today’s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.”<\/em><\/p>\n<\/blockquote>\n

5. It’s a chance to find a home that meets your needs.<\/strong><\/h4>\n

So much has changed over the past year, including what many of us need in a home. Spending extra time where we currently live is enabling many of us to re-evaluate homeownership and what we find most important in a home.<\/p>\n

Whether it’s a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym or theater, or something else, selling this spring gives you a chance to make a move and find<\/a> the home of your dreams.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Today’s housing market belongs to the sellers. If you’ve considered making a move but have been waiting for the right market conditions, your wait may be over. Let’s connect so you’ll be positioned to win when you sell your house this spring.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. 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