Monday, May 16, 2022 / by Ken Couture
If you own a home, you have tremendous leverage when selling now.
In today's property market, homeowners have a fantastic chance to sell their home for the best possible price and terms. This is due to a limited quantity of available properties, which creates rivalry among purchasers. Currently, homebuyers are looking for three things:
- To be the winning bid on their dream home
- To buy before mortgage rates rise more
- To buy before home prices go even higher
When selling, these buyer needs provide you a huge edge, also known as leverage.
What Does This Mean for Today's Sellers?
You may already be aware that this allows you to sell for a reasonable price, but it also puts you in an excellent position to negotiate the finest conditions for your requirements.
According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.
And if you have questions at any point in the process, remember your trusted real estate advisor can help. They’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.
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