With market conditions continuously fluctuating, many sellers wonder how their home will perform after listing. That answer depends not only on the value of their property but when they're trying to sell it. While real estate agents know the benefits of a seller’s market, they are still advantages for homeowners who list houses in the off-season. The guide below explains buyer’s and seller’s markets in more detail.
In a buyer’s market, there are more homes for sale than there are buyers to purchase those homes, which can make it more difficult to sell property. However, this saturation can make a well-maintained property more obvious to buyers. Talk with your real estate agent about ways to highlight your house’s best features to stand out from the competition. Additionally, selling a home in a buyer’s market also means you can take advantage of lower home sales yourself when looking for a place to move.
In a seller’s market, there are fewer homes for sale than there are buyers who are interested. When supply is low but demand is high, real estate agents are often able to sell homes more quickly, without the owners making concessions. Additionally, many buyers competing for the same properties mean that you may get multiple offers, driving up the price even more.
Thinking about putting your house on the market? Let the real estate agents at Orson Hill Realty help prepare your home in a way that will spotlight its best qualities, no matter when you choose to sell. With an innate understanding of the Evergreen, Conifer, Golden, and Denver, CO, markets, they can also point you toward the new home of your dreams. Visit their website to learn more about determining a list price. Or contact them at (303) 835-9895 to schedule an appointment.