Key Takeaways:
- The housing forecast for the second half of 2021 remains optimistic, but the market could be at its peak right now.
- If you want to take full advantage of low interest rates, high prices, and unprecedented buyer interest, don’t let the summer market pass you by.
- Take your first steps towards “Sold” with Linda Craft & Team—just call 919-235-0007 to get started!
4 Major Incentives to Sell This Summer
Buyers, sellers, and real estate professionals are all wondering what the market will do during the second half of 2021. While current forecasts remain optimistic, you shouldn’t wait to “time” the Triangle real estate market. In fact, listing right now could net you the greatest profit.
Still on the fence about selling this summer? Here are four reasons why you shouldn’t put your move on hold for much longer.
Your house will sell faster than you think
According to the most recent Realtors Confidence Index released by the National Association of Realtors (NAR), the average home now sells in just 17 days. And in the Raleigh area, that number has dwindled even further.
Taking a look at how long homes stay on the market can help you gauge when to list. A lower number of days indicates that buyers are motivated to do what it takes to purchase the home of their dreams. It also shows that you won’t have to wait long to get top dollar!
Summer buyers are willing to complete for your home
In addition to selling fast, homes are receiving multiple offers. The NAR reports that sellers are seeing an average of five offers, and they’re more competitive than you might expect. A growing number of home-seekers are willing to pay more than a property’s market value, and we’re seeing a surprising amount of all-cash and no contingency deals.
While bidding wars and navigating multiple offers might seem overwhelming, these situations actually benefit you as a seller. Be sure to seek your agent’s advice—they can help you choose the best offer (and it’s not always the highest one!).
Your listing gets more attention when housing supply stays low
Even before the COVID-19 pandemic, available inventory in the Triangle had reached record lows. While the housing supply shortage has seen some improvement in 2021, total inventory is down by over 20% compared to a year ago. If you compare the month-over-month and year-over-year stats, we’re likely headed towards a market stabilization—more homes are hitting the market, but we’re still experiencing an unprecedented deficit.
If you want to take advantage of this shortage and put your home in the spotlight, don’t wait to list. Less competition gives your property more time in the spotlight!
There’s never been a better time to upgrade your home
Over the past 12 months, homeowners gained a significant amount of wealth through growing equity. In that same period, homeowners also spent a considerable amount of time at home, and many have decided that their house doesn’t meet their needs.
If you’re not happy with your current home, selling now lets you leverage your equity and upgrade to a place that better suits your needs. And while we may be in a sellers’ market, low interest rates make buying a home more affordable than ever.
Capitalize on the Summer Market with Linda Craft & Team!
Ready to get top dollar for your home? Contact Linda Craft & Team to take the first step in your real estate journey! As your Triangle experts, we’d be happy to help you navigate the hot summer market and handle every detail for you. We can even help you buy your next home in the Raleigh area, too!