Will my home sell while the world is flipped upside down?
A question I hear often and I have the answer. Yes!
Lack of Competition – Inventory is low. When I say low, I mean LOW. For the size of Phoenix, a balanced market allows for around 35,000 homes. That is for a balanced market. Currently, we have 8,000 homes on the market. Let me say that again, we have 8,000 homes on the market.
Three reasons why sellers have the upper hand… Other than the low inventory aspect.
1. Savings Rates are High – per the bureau of economic research – the personal savings rate hit 33%.
2. Mortgage Rates – right now we are experiencing the lowest rates in history. These low rates help to balance the impact of appreciation and get positively reflected in the buyers monthly payments.
3. In light of an unusual situation – homeownership has become more important and has been reevaluated by many people. If the world is a messy place to be in right now, the least we can ask for is to have a safe place to live, work, and relax.
Are you ready to see how I can help you sell your home in today’s economy? Let’s Chat, click here to give me a little bit of information about your current situation!
Also, check out my seller resource page to find some additional resources for you.
