The Benefits of Selling Now, According to Experts
At the moment, the current status of real estate remains a Sellers’ Market. There are way more buyers than homes available for sale; this continues to put sellers at a stellar advantage. With fewer options, sellers can rest assured that the most eyes possible will see their home.
Leading industry experts are saying the following about why selling now has its benefits:
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
Selma Hepp, Chief Economist at CoreLogic:
“ ... the undersupply of housing will continue to heighten market competition and put pressure on prices in most regions ... price premiums that we saw last spring and summer are unlikely.”
Clare Trapasso, Executive News Editor at Realtor.com:
“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”
Jeff Tucker, Senior Economist at Zillow:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
