By: Raymond James
About the Author:
Ray is a sought after thought leader and an expert in financial and money management. He has been published and featured in over 50 leading sites and aims to contribute articles to help novice financial planners. One of his goals is to impart his knowledge in finance to educate and help ordinary people create and achieve their financial goals.
If you are looking to sell your home, then now may be the best time to put your property up for sale. That’s because the market has never been better for home sellers. Here’s a look at 10 reasons why you should consider selling your property right now.
1). Interest Rate Have Never Been Lower
Interest rates are at their lowest rates ever. That means that sellers are able to pay less for homes. That also means that you are more likely to find lots of buyers for your property. Since interest rates are unpredictable, it is a good time to sell when rates are at record lows.
2). People are Looking to Move from Cities
With the ongoing COVID-19 situation, there are many people looking to move from city centers into the suburbs and rural areas. If your home is located away from the city, then you are likely to have a pool of city residents who will be interested in your property. Since no one knows how long this trend will last, it is a good idea to sell now while there is a demand for your type of property.
3). People are Looking to Diversify from their Investment Portfolio
Investment returns in the equity market have been exceptionally high in the past few months. That means that more and more people will look to take their profits and diversify their wealth into real estate. This gives you the opportunity to get an excellent price for your home.
4). More People are Working Remotely
During the COVID-19 situation, more and more people are working remotely. That means that more people will be looking for a larger home or a home that can accommodate a work office. Your home may be ideal for someone looking for a home office.
5). There are Fewer Homes on the Market
Right now, there are few homes on the market due to the COVID-19 situation. When there is less supply, prices tend to go out. Therefore, now will be an excellent time to sell your home and capture those increased prices.
6). There Are More Serious Buyers
Right now, there are many people who are moving out of necessity. This is especially true for those who are looking to move away from the city or those who need a work office in their home. Therefore, you are much more likely to have serious buyers who will put an offer in on your home. The bottom line is that you are likely to sell your home fast under the current market situation.
7). You Have Many More Ways to Market Your Home
Right now, there have never been more great ways to market your home. For instance, you can market your home on social media. You can use 3-D tours to give all prospective home buyers an in-depth look at your property. Also, there are a number of ways to communicate to future home buyers using video conferencing and other communication tools. These increased ways to market your home will help you sell your property faster.
8). You May Be Able to Get a Higher Price for Your Home
Because of multiple situations in the housing market – record low interest rates, people looking to move from the cities, lower housing supply ect. – you will likely be able to get a higher price for your home.
9). Many People Looking for Investment Property
As the stock market is reaching new highs, people are also looking for ways to diversify their portfolios. That means you will have more and more people looking for investment properties. This greatly increases the chance that your home will be purchased by a real estate investor.
10). Selling A Home Has Never Been Easier
Because of the many home selling services, it has never been easier to sell your house fast. In some cases, you can be able to get a serious offer, for your home, in just a couple of days.
Selling Your Home Today
The market is hot right now for selling homes. Therefore, if you are considering selling your property, you should take your first step today. It is unknown how long these favorable market conditions will exist going forward.