Inventory is low, it’s a seller’s market, sell now! Seems like those are the things people have swirling around in their heads these days. While it is true that we are currently in the middle of a seller’s market – it’s not just any ol’ market – its a market like none of us have ever seen. We talked a while back about what the current Real Estate Market here in the Central Valley in our post “The Real Estate Market TODAY” and today we are going to dig in a little deeper on what the reality is for sellers at this moment.
When you are working with an experienced Real Estate Agent you will have someone to guide you through what the process can look like in this unique market. Our team of Agents here at Dani Blain Real Estate have remained very busy throughout the coronavirus Pandemic and very familiar with the current trends. Some things you should be thinking about if you are going to be putting a house on the market soon:
It will be a lot different than the last time you bought or sold a house
No one has ever seen a market like this before. We can promise you – unless you have bought/sold a home in the last six months, this process will be very different than the last time you were here. You may see incredibly short listing times. With inventory low and loads of eager buyers, we are seeing houses only having live listings for a number of hours before the offers start rolling in.
You may receive multiple offers. You may see multiple offers above your listing price. There may be heartfelt letters from sellers of why you should choose them over another eager buyer. With this seller’s market you will be in the driver’s seat – but working alongside a knowledgeable agent will be like having the perfect GPS navigating the route from the passenger seat.
Make sure you have a strong virtual listing
With interest rates currently being so low, we are seeing a lot of first time buyers and the majority of them are Millennials. Millennials are all about shopping online and scrolling through MLS listings is something anyone can do before they even get out of bed in the morning. Having a listing with great photos, a virtual tour, etc… can really make your home stand out and garner lots of interest with excited buyers. Having people fall in love with a home before they even see it in person is what it is all about right now.
Be comfortable with the unknown
Every house and every process is totally unique and different. Once the offers start to come in there will be a great deal of variables to work through with your agent. Having an agent that can be thinking ten steps ahead and trying to anticipate the unknown will help a lot. Being prepared to go on a bit of a journey with lots of twists and turns is what we need all of our seller’s to be comfortable with right now.
Is now the right time to sell your house? It is a great time if you are ready! It will be important for you to have your plan and know exactly what the next steps are for after you sell your current home. We have Agents that can help you map out the best way to make this happen and help you search for a new home while you’re in the process of selling. It is a lot of moving parts during a stressful and emotional process – which makes working with an Agent you trust and click with is so important. Get in touch with us and we can help match you with an agent that will be perfect for you and your situation in any area in the Central Valley.