If you have been thinking about making a move, the time is now. Your real estate broker at Coldwell Banker Advantage has been closely watching the market in Nekoosa, WI, and has found that it’s currently in favor of selling a house.
To help you better understand, the professionals explain how the real estate market works and why today is the optimal time to sell:
Balancing the Market
The real estate market is always changing in reaction to the current supply and demand. If many people are trying to sell, there will be a lot of inventory, so prices will drop as people have a wider selection of homes to choose from.
On the other hand, if there are a lot of buyers and fewer sellers, demand will be high, and home prices will rise as interested parties all compete for the same limited supply. The market is also influenced by outside factors such as current mortgage interest rates; when numbers are low, more people will buy to lock in the deal.
The Current Situation
In the past year, mortgage interest rates have been lower than in previous decades. Though they’ve been slowly rising in recent months, they are still comparatively low. With a strong job market and low rates, more people are choosing to buy a single-family home — especially first-time homebuyers looking for a starter house.
Also, there is not a lot of property for sale at the moment. Many people are looking and finding only a few options. As a result, when a home hits the market and is positioned properly, it will be flooded with prospective buyers. They’ll be competing with offers, and bidding wars skyrocket sales prices.
If you want to take advantage of the current market, the professionals at Coldwell Banker Advantage make the process of selling a house easy and are experts in leveraging the market to get you the best price for your home. Call (715) 325-7335 to talk strategy with one of their representatives today, or learn more about the selling process by visiting them online.