Experts Project Mortgage Rates Will Continue To Rise in 2022Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help
How Sellers Win When Housing Inventory Is Low...
Dated: November 14 2021
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How Sellers Win When Housing Inventory Is Low
In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.
1. Higher Prices
With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal.
2. Greater Return on Your Investment
Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains:
“In the second quarter of 2021, the average homeowner gained approximately $51,500 in equity during the past year.”
This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home, or to keep it as extra savings.
3. Better Terms
In a sellers’ market like we have today, you’re in the driver’s seat if you make a move. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream home.
So, is low housing inventory a big deal?
Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities.
Bottom Line
If you’re interested in taking advantage of the current sellers’ market, let’s connect today to determine your best move.
K. HAMPTON LUXE REAL ESTATE GROUP
Buying a home is so much more than getting a house; it’s gaining a lifestyle. Intelligent, forward thinking and hardworking San Antonio, Texas native Kamica Hampton is not your average girl next doo....
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How Sellers Win When Housing Inventory Is LowIn today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell
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The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
