Now is an excellent time to sell your home.
The National Association of Realtors chief economist, Lawrence Yun, recently stated: “Buyer traffic is continuing to pick up, while seller traffic is holding steady,” he said. “In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country.” (Read the full NAR Housing Report here.)
With an ever increasing number of home buyers facing a lack of homes to choose from, Sellers that list their home for sale will face low competition. Case in point, we just listed a remodeled home in SW Portland and it had 4 offers on it within 24 hours. This is not uncommon in the current real estate market here in Oregon.
Sellers, while your pool of potential home buyers is plentiful, this does not mean that you can list your home at an inflated value! Remember, your home will have to pass an appraisal. But, what it does mean is that if priced appropriately for the market, your home should sell quickly (and possibly have a multiple offer situation).
Wondering what the current value of your home is right now? We can tell you instantly, for free, no strings attached! From there you can decide if you’d like to chat further with someone on our team if the number isn’t what you expected, or, if you’ve got questions about what your options are as a homeowner.
Whether you choose to re-finance your home, downsize, upsize, or buy that retirement home on the golf course you’ve been eyeing, we’re here to help!