Interested in Selling Your Home? Buyer Demand Is HOT! [2021]

Ladies and gentlemen, if you’ve been putting off selling your house because of the pandemic, you’d be remiss if you stalled any longer. Right now, 97% of real estate agents that took part in HomeLight’s 2021 Q1 survey say that they’re experiencing a strong seller’s market and it’s not going to let up any time soon. Despite the shaky economy and increasing housing prices, 42% of agents say buyers are coming out of the woodworks because of vaccine distribution and low-interest rates. 

Home Buyer Demand in 2021 is Strong throughout the country.

If you need further convincing, here are some factors as to why you should bite the bullet and list your home. 

Housing shortage creates determined buyers

Looking for a house can be fun but when there’s a housing shortage, it’s a lot more challenging. There aren’t enough houses to go around and there may be instances where buyers fall in love with a house only to find out it’s under contract. Buyers who have experienced that kind of letdown get even more determined and are willing to do whatever it takes to get their offer accepted. Some buyers are even foregoing home inspections or will pay their closing costs without asking for the seller’s help. 

Bidding wars drive up prices

If you’ve been scoping out the real estate market in your area, you may have noticed that many listings have increased in price. These higher prices aren’t deterring buyers from putting in offers and some are even offering more than what the house is listed for! Most homes receive multiple offers which will increase the price even more. 

Properties that receive multiple offers usually close faster

Selling your property during a seller’s market can net you a good profit, what with organic price increases, offers above asking, or bidding wars. Multiple offers mean your transaction could close a lot faster than normal (which is roughly about 30 days if there aren’t any delays). This could be done if the buyer is pre-approved for a mortgage, skips the home inspection, or even suggests a quick closing with their offer. 

Yet, for the sellers that need to get out now, they may consider calling a company that buys houses for cash. We have our “Guaranteed Cash Offer” program that can allow you to sell in as little as 10 days!

Remote workers may consider relocation

The idea of remote work becoming a permanent policy for many businesses has been floating around for the past few months. This could be the catalyst that will lead to people leaving the big city and moving somewhere quieter, somewhere more spacious, and somewhere where their money goes a lot further. After all, why should a worker live in an expensive area where their apartment is more like a closet when they could move to the suburbs where there’s a lot more breathing room? 

A seller’s market is a boon for owners with equity

There are a lot of things that need to be taken into consideration when you’re thinking about putting your house on the market. Right now, the market is favorable to sellers and it’s a great time to put your house up for sale. If your house has equity, you could stand to make a sizable profit. Just imagine how much more that profit could be if you get offers above the asking price or there’s a bidding war where the buyers continue to outbid one another! 

If you’re still leery about putting your house up for sale, don’t hesitate to reach out to us to discuss your options. We will be able to give you insight into how much your home is worth, if any updates or repairs need to be made, and so much more. 

You can also check your home’s value anytime by visiting: https://www.greatersandiegoareahomes.com/evaluation

Brought to you by San Diego Real Estate Agent and Real Estate Broker, Glen Henderson.  Glen has been a San Diego Realtor for over 18 years and has been involved in over 1,000 home sales throughout San Diego County.  Contact him today with any questions at 619-500-3222 or visit Premier Homes at www.MyPremierHomes.com

If you would like to Search Houses for Sale in San Diego, visit www.GreaterSanDiegoAreaHomes.com