If you’re thinking about making a move, selling in fall 2020 may be the way to go. Here are four highlights in the housing market that may make your decision an easy one:
1. Buyers are actively in the market. According to ShowingTime, showings have jumped over 60% compared to this time last year. It’s clear that buyers are ready, willing, and able to buy a home, and they’re in the market right now. In many regions of the country, buyers are entering into bidding wars to compete for the home they want. It’s a great time to take advantage of this activity and sell for the most favorable terms. Fall may be the new spring!
2. There aren’t enough homes to sell. The National Association of Realtors announced that the number of units available for sale is down 18% from one year ago. Throughout most of the country, there simply aren’t enough homes to satisfy buyer demand. Due to the health crisis, many homeowners were reluctant to list their homes earlier in the year. That will change, however, as the economy begins to recover; buyers will likely have more choices heading into the new year, so don’t wait until your competition as the seller ratchets up—act now.
3. The transaction process is moving quickly. In today’s ultra-competitive environment, buyers are doing everything they can to stand out among the crowd. This includes getting pre-approved, removing contingencies, and committing to a quick close. When buyers know exactly what they can afford before stepping foot in the market, it makes the entire selling process much faster and simpler.
4. There may never be a more important time to move. You’ve likely spent much of the last six months sheltering in your home, and perhaps you’ve realized that it’s smaller than what you’d truly be comfortable in right now. If you’re working from home or have children enrolled in virtual schooling, your current floor plan may be insufficient for your family’s changing needs. Homebuilders are beginning to build again, so you can choose the exact floor plan that will suit your lifestyle while ensuring you’ll have enough outdoor space as well.
The bottom line is that the housing market is primed for sellers. It’s never too early for us to get together and discuss your next step, so if you’re ready to get started or have any real estate questions at all, don’t hesitate to call the Tami Holmes Real Estate Team. We have the tools and expertise to help you make any move in the market, and we’d love to be of service to you.