The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale.
The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.
Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.
1. Homeowners don’t know if they’ll be able to secure their next home before selling.
2. Homeowners don’t know if their current home will sell for the asking price or top market price.
3. Homeowners don’t know if they will get an offer without their home requiring work or updates.
4. Homeowners don’t know if they can have a quick closing process.
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Bottom Line
Selling your house can be daunting, especially in a fast-paced market. However, the fact that we’re in such a strong sellers’ market clearly eliminates many common concerns. Let’s talk ...so you can learn more about the opportunities for homeowners who are ready to sell.