Thinking about selling your house and you're not sure what to do or when is the best time? Right Now might be the best time for you to sell. Home prices are near record highs, yet housing inventory is at record lows! Many homeowners are sitting on some huge equity! And many homeowners have increased their net worth on home equity alone. So if you are a homeowner, What are you going to do? Are you going to ride the wave or cash out?
There are plenty of buyers competing, but not enough listings. So is now a good time to list? Be mindful that inventory levels usually rise by 30% in the spring months compared to the winter months. But this isn't a normal year by any means. We still have many more buyers who are ready, willing, and able, yet we have a shortage of inventory, at the same time. It may be the biggest and best seller's market for real estate in history. Properties are getting multiple offers and selling for big bucks.
Housing Market 2021- Many parts of the nation have seen huge gains in home prices. Can you believe what your neighbor just got for their house?
Is it The Best Time To Sell A House? One sure-fire way to profit in real estate. Sell when they are buying, and Buy when they are selling! Well, the buyers are ready to buy your house!
If you are a seller, we have 3 things going on at the same time: 1) we still have super high buyer demand, 2) still have historically low-interest rates, and 3) we have rising building material costs.
So these 3 things may have increased the value of a home that you have owned for years. This is where many sellers recently decided to take the money and run. They bought back then...and the value now has risen.
More homeowners have more equity in their homes than they previously had. Homeowners in America have gained $2 trillion dollars in home equity, just this year alone, as home prices have increased 16% this past year. Wow! Some areas even more and some areas a little less. But a typical homeowner has gained $26,000 in home equity.
That’s great if you're a homeowner, but it's a real problem if you are still trying to find a home.
Plus, 39% of U.S. households are “free and clear,” meaning they no longer have a home mortgage to pay. The average home in America is now valued at $355,000. This is a national average. The big home on the beach is valued a lot more, and a tiny house in the middle of nowhere is a lot less. So, depending on where YOU live, your house could be more or less too!
This video gives real examples of what is really happening in the nation.
Should I sell my house in 2021? Buyers nationwide…. are ready, willing, and able. This is a basic supply and demand issue. There just aren’t enough homes compared to the number of buyers. The inventory of homes for sale especially low in the starter and affordable price points.
Why Now is the best time to sell your home? If you are a seller...There currently is a limited window of opportunity! With so many buyers looking for homes to purchase and so few houses available today, there’s an increased chance for bidding wars, and we see the best homes selling fast.
Is It Time To Sell? - Find out with a FREE property report...
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#HousingMarket #SellAHouse #HomeSellingTips
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Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870
Disclaimer:
All information given in my videos is meant to be educational. This video is not intended to replace your own research, nor to provide legal, investment or financial advice of any kind. For legal advice consult a lawyer.
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