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Is now a good time to sell your home?

Home prices are at an all-time high—but is it a smart time for you to move?

If you’re a homeowner who is avidly watching housing prices skyrocket to all-time highs across the U.S., you may feel like you’ve won the lottery!

As median home prices are up and continue to follow the soaring trend in the top markets: and with the number of home listings down below the typical real estate market inventories (due to extreme high-demand and low inventory), it has come together as a perfect storm of high demand and low supply of houses with plenty of eager buyers looking for a little more space after spending months in their homes or apartments during quarantine.

“Massive price gains are pretty common all across the U.S., we’re talking double-digit price gains over a year ago.”

Realtor.com, Chief Economist Danielle Hale

While it may be tempting to cash in right now and make a profit on your home, there’s plenty to think about before you put that “For Sale” sign up.

  1. Research first – know where you want to move to and when you want to sell.
  2. Don’t try to predict the market – once you decide to sell, stick to your plan.
  3. Decide if now is right for you and your family based on you and your family’s schedule.
  4. Do you need to sell fast due to a divorce, foreclosure, probate, or other unforeseen circumstances? Selling off-market allows you to get a fair cash offer and you can sell fast.
  5. If you need to sell your house as-is you may want to consider selling off-market and skip all the time-consuming paperwork and costs that come with using a Real Estate Agent, plus you’ll save money because you won’t have to repair or prep your home to sell.
  6. Have a plan and know the timeline in which you need to sell, find a new home, and prepare to move.
  7. Most importantly, if it is right for you – now is the time to sell.

Source: RealSimple.com, Money Confidential, Is Now the Right Time to Sell Your House?,
By Lisa Milbrand, March 19, 2021

If you’d like to discuss your specific Real Estate situation with us, feel free to contact us at [email protected] or 602-902-1378

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