It’s a sellers market! Do yourself a favor and sell now!
How do we know? Over the past two weeks, our buyers have jumped on new listings – homes that have only been on the market for a day or two. By the time we call to schedule our showing we are already being told of multiple offers.
What’s is a seller’s market?
Simply put, a sellers market is when there are more buyers than houses on the market. It’s all based on supply and demand. Few houses and many buyers, encourages a huge frenzy for buyers to fly out the door as soon as a new listing appears. In short, prospective buyers become less picky and your home sells quicker!
As we already mentioned, in a sellers market sellers tend to see multiple offers and those offers are usually higher than the asking price! What more can you ask for?
The scales are tipped in your favor, because buyers want to purchase a house. This leaves the buyer little to no power in negotiating for the perfect terms, because getting the house is the perfect term. The other advantage is that buyers must now come to the table ready to buy, meaning offers are non-contingent. Sellers are no longer being asked to lower their price, or buy down interest rates. Althought sellers are still being asked to pay some closing costs, buyers are removing inspection contingencies to make their offer more appealing.
Call the Kawohl Team today to take advantage of this competitive market. We stand out in this type of market because we are out in it selling houses. We are seeing first hand the multiple offers that are occurring. Knowing the market helps us provide you with an accurate market analysis so you know exactly what your home is worth. You might not feel your house is ready, but in a market like this, preparing your home for sale is crucial and we have top notch pre-marketing and staging check lists which will assist you in prepping your home for the highest sales price.
John and Chris Kawohl are realtors with RE/MAX Results in Woodbury, MN and are licensed in Minnesota and Wisconsin. We are always ready to talk or stop by your home and welcome any questions you have! Feel free to contact us at [email protected] or call us at 651-269-3308 or 651-343-8445. We are proud to make a donation to the Children’s Miracle Network with every transaction.
