{"id":6737,"date":"2021-03-08T06:00:12","date_gmt":"2021-03-08T11:00:12","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6737"},"modified":"2021-03-08T06:00:12","modified_gmt":"2021-03-08T11:00:12","slug":"5-reasons-to-sell-your-house-this-spring-2","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6737","title":{"rendered":"5 Reasons to Sell Your House This Spring"},"content":{"rendered":"
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\"5<\/p>\n

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you\u2019re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you\u2019re ready.<\/span><\/p>\n

1. There\u2019s high demand from homebuyers.<\/strong><\/h4>\n

Buyer demand is strong right now, and buyers are active in the market. ShowingTime<\/em>, which tracks the average number of buyer showings on residential properties, recently announced\u00a0that\u00a0buyer showings are up 51.5%<\/strong> compared to this time last year. Daniil Cherkasskiy, Chief Analytics Officer <\/em>at ShowingTime, <\/em>notes<\/a>:<\/p>\n

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\u201cAs anticipated, demand for real estate remains elevated<\/strong> and continues to be affected by low levels of inventory\u2026On average, each home is getting 50 percent or more requests this year compared to January of last year.<\/strong> As we head into the busy season, it\u2019s likely we\u2019ll push into even more extreme territory until the supply starts catching up with demand.\u201d<\/em><\/p>\n<\/blockquote>\n

When your house is positioned to get a ton of attention from competitive buyers, you\u2019re in the best spot possible as the seller.<\/p>\n

2. There aren\u2019t enough houses for sale.<\/strong><\/h4>\n

Purchaser demand is so high, the market is running out<\/a> of available houses for sale. Recently, realtor.com<\/em>\u00a0reported<\/a>:<\/p>\n

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\u201cNationally, the inventory of homes for sale in February decreased by 48.6% over the past year<\/b>, a higher rate of decline compared to the 42.6% drop in January. This amounted to 496,000 fewer homes for sale compared to February of last year.\u201d<\/em><\/p>\n<\/blockquote>\n

The\u00a0National Association of Realtors<\/em>\u00a0(NAR) also\u00a0reveals<\/a> that, while home sales are skyrocketing, the inventory of existing homes for sale is continuing to drop dramatically. Houses are essentially selling as fast as they\u2019re hitting the market \u2013 in fact, NAR reports<\/a> that the average house is on the market for only 21 days.<\/p>\n

It\u2019s this imbalance between high buyer demand and a low supply of houses for sale that gives sellers such an advantage. A seller will always negotiate the best deal when demand is high and supply is low.<\/strong> That\u2019s exactly what\u2019s happening in the real estate market today.<\/p>\n

3. You have a lot of leverage in today\u2019s market.<\/strong><\/h4>\n

Clearly, many more people are interested in buying than selling this spring, creating the ultimate sellers\u2019 market<\/a>. When this happens, homeowners in a position to sell have the upper hand in negotiations.<\/p>\n

According to NAR, agents are reporting<\/a> an average of\u00a03.7 offers\u00a0per house <\/strong>and an increase in bidding wars. As a seller, this means the ball is in your court \u2013 so much so that you can use your leverage<\/a> to negotiate the best possible contract. Demand is there, and now is the perfect time to sell for the most favorable terms.<\/p>\n

4. It\u2019s a great way to use your home equity.<\/strong><\/h4>\n

According to the latest data<\/a> from CoreLogic<\/em>, as of the third quarter of 2020, the average homeowner gained $17,000 in equity <\/strong>over the past year, and that number continues to grow as home values<\/a> appreciate. Equity<\/a> is a type of forced savings that grows during your time as a homeowner and can be put toward bigger goals like buying your next dream home.<\/p>\n

Mark Fleming,\u00a0Chief Economist<\/em>\u00a0at\u00a0First American,<\/em>\u00a0notes<\/a>:<\/p>\n

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\u201cAs homeowners gain equity in their homes, they are more likely to consider using that\u00a0equity to purchase a larger or more attractive home<\/strong> \u2013 the wealth effect of rising equity. In today\u2019s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.\u201d<\/em><\/p>\n<\/blockquote>\n

5. It\u2019s a chance to find a home that meets your needs.<\/strong><\/h4>\n

So much has changed over the past year, including what many of us need in a home. Spending extra time where we currently live is enabling many of us to re-evaluate homeownership and what we find most important in a home.<\/p>\n

Whether it\u2019s a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym or theater, or something else, selling this spring gives you a chance to make a move and find<\/a> the home of your dreams.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Today\u2019s housing market belongs to the sellers. If you\u2019ve considered making a move but have been waiting for the right market conditions, your wait may be over. Let\u2019s connect so you\u2019ll be positioned to win when you sell your house this spring.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n\"5When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you\u2019re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to [\u2026]<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,85,86,89,121,133],"tags":[],"class_list":["post-6737","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-sellers","category-housing-market-updates","category-move-up-buyers","category-pricing","category-selling-myths"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6737"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6737\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}