Why is a Great Time to Sell Your Home Now

As the sun sets on the summer season, some homeowners may mistakenly assume that the window

of  opportunity to sell their home has closed. In this extra hot real estate market, nothing can be further from the truth because there are still opportunities to be had for sellers.

What many people don’t realize is that homes listed during the summer are now off the market leaving little to no inventory in many communities. 51 percent of homes sold in July were on the market for less than a month.

This summer’s historically low inventory sent record home buyers into packed open houses and created bidding wars because of the exceptional demand. “Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace, and the prevalence of multiple offers in some markets are pushing prices higher,

In the month of July, reported that total housing inventory declined 1 percent and is now 9 percent lower than a year ago, and has fallen year-over-year for 26 consecutive months. With so many home buyers left sitting on the sidelines, it could be the perfect season for home sellers to make their move.

So, is it an opportune time to sell your home? The answer is yes if the time is right for you. However, there is no need to hold off on selling your home just because summer is over.  Today, there are buyers looking to move in, just as you are looking to move out.

If you are considering listing your home, call me today or visit my profile page on Affordable Utah Housing Whether you’re looking to make a purchase or sell, I can provide guidance and advise you on what you need to know so you can make the best possible decision for your real estate needs.

FSBO Sellers: Is it Worth it?

To determine if for sell by owner listings provide more benefits, Housing Data  where these listings are the most common and how they differ from agent-listed properties in price and DOM. 

Analysts reported

Nationally the data reveals that FSBOs are listed about 2 percent more than a similar home listed by an agent,  FSBOs sometimes sit on the market longer than agent listed homes.

Overall, only 6.2 percent of all listings were for sale by owner, and the report noted that Tulsa, Oklahoma had the highest percentage of FSBO listing across the nation at 12.7 percent.

The largest positive difference in listing price for a FSBO is in Pittsburg, Pennsylvania, where a “comparable FSBO home is listed at 12.9 percent premium to an agent-listed home." In Philadelphia, Pennsylvania is where there is the largest negative difference in FSBO listing prices at -14 percent.

Though data shows that there are some benefits for sale by owner sellers, it is important to note the value and knowledge of the industry that professionals, like agents, can bring to the table. Information reveals that it is important to remember that agents have access to resources, including home stagers, lenders, home inspectors and legal help. Agents also know what marketing approach works in a market, "perhaps even more importantly, agents know that a listed price is just a starting point."