Buying or selling a home can be stressful, even in normal times. Right now, when the housing market is moving at a frenetic pace, both buyers and sellers are making quick decisions and are feeling
Why Low Inventory Is Good For Sellers
Dated: January 26 2021
There is high buyer activity and a historically low number of houses for sale right now. The perfect time for homeowners to sell their house is when the demand for homes is higher than what’s available for sale. Here are a few ways that low inventory can help you get a great deal if you’ve been on the fence about selling your current home.
Better Seller Terms
When there is a seller’s market like there is today, it is like being in the driver’s seat when you choose to sell your home. The ball is in your court and you have the ability to sell at terms that are hopefully more agreeable to you. Low inventory means less choices for buyers. Buyers are more likely to work with you if it means they can purchase a home in a market where they are hard to find.
Greater Investment Return
ROI (Return on Investment) is a major focus in real estate. As prices rise, homes gain value. This drives the equity to increases - in just the second quarter of last year, homeowners were gaining an average of $9800 in equity. Growth in equity can give you the ability to put that money toward a down payment on your next home.
With a higher number of buyers in the market and very low inventory to choose from, homebuyers are having to enter into bidding wars for the houses they want. This competition drives up the price of your home - simple supply and demand! This is absolutely a seller advantage and could potentially net you more for your house when you finally close the deal.
Contact us at Agent@SweetMagnoliaHomes.com if we can help answer any questions or you’re interested in knowing what your home is worth today!
Sweet Magnolia Homes brings a local knowledge to the markets we serve that has been obtained from years of living and working in Atlanta and the surrounding suburbs. This means our agents are intima....