Should you sell your house fast in Omaha and Council Bluffs now, or should you wait? It is, after all, a big step involving a long labor-intensive process, and then there’s the ordeal of the move on top of that. Still, there are plenty of signs that you should sell your house fast low rates, low inventory, high demand, and rising prices, to name just a few. In fact, conditions may not be this favorable for sellers again for a long time. So let’s take a look at the reasons why Homes By Chris Harter thinks you should sell your house fast in Omaha and Council Bluffs.
Home Prices Are Still Rising
A great reason why you should sell your house fast in Omaha and Council Bluffs, according to Homes By Chris Harter and many other experts, is the simple and favorable fact that home prices are still rising. As mortgage rates fall (which we’ll get into below), home prices go up.
June 2021 saw average price gains nationwide of 23% in several metro areas, and prices increased 8.4% over the past year. Much of this has been driven by people moving away from urban areas and buying suburban homes. Because of the burgeoning remote working from home brought on by the pandemic, many jobs are now location-independent, so a lot of homebuyers who are buying don’t have to buy near their jobs. But whatever the drivers, home prices are rising.
With prices rising, sell your house fast in Omaha and Council Bluffs now is likely a smart move. This is especially true when you consider that these price increases are expected to decelerate to a near-normal growth rate. The upshot is that you don’t want to miss out on the opportunity to make more money at sale time by waiting.
Inventory Remains Well Below Demand
Another reason to sell your house fast is that inventory remains well below demand which means that, in most places, there exists a strong seller’s market. “Lack of inventory means your home will likely be in high demand, since there may be a scarcity of homes for sale in your market.”
About a year ago, housing inventory reached an all-time low of a 2.3-month supply (normal being a housing market that equalizes at a four- to five-month supply). Selling your house fast in Council Bluffs and Omaha under these conditions means an easier sale and the prospect of a better price.
Be aware, though, that inventory levels vary from local market to local market. So be sure to contact a local real estate agent in Omaha and Council Bluffs at 402-378-9462 before taking the plunge.
Mortgage Rates Are Very Low
Further, according to Homes By Chris Harter, mortgage rates are still near historic lows, which is another good reason to sell your house fast in Omaha and Council Bluffs. “According to real estate research firm Freddie Mac, the average 30-year mortgage rates hit an all-time low of 3.07% over the Fourth of July weekend, and those numbers continue to decline.”
As a result of these low rates, more people are more motivated to buy, and some people who weren’t even thinking of buying before are now considering it. There exists, then, the potential to sell much faster and at a higher list price because the low rates will offset the higher asking price.
Homes Are Selling Sight Unseen
An often-overlooked reason to sell your house fast in Omaha and Council Bluffs involves the way many houses are selling fast now. And that is sight unseen.
In one recent survey, 22% of “Local realtors in Omaha and Council Bluffs said they sold a home sight unseen meaning the home buyer did not physically visit the home before purchasing it since march. This is largely due to cautions about entering others’ homes during a pandemic.”
How this phenomenon can benefit you as a seller is that you may not have to make as many repairs or give up as much in concessions. If home buyers are never actually on site before the sale, they really have no way to accurately assess your house. Just be sure to ask your local agent in Omaha and Council Bluffs how best to leverage this.
Competitive Advantages Won’t Last
Finally, Homes By Chris Harter points out, as great as conditions are for sellers right now, they won’t last. And this means, of course, that now is the best time to sell your house fast in Omaha and Council Bluffs before it takes longer to sell and at a lower price.
The current market is in fact moving home buyers to the point of fatigue. The number of first-time homebuyers has dropped since June owing in large part to few suitable and affordable houses and the competition from cash home buyers.
What will happen in the near future is that more people will want to sell after discovering all these favorable conditions. Then, as more and more homes hit the market, both demand and prices will go down. So now is the time to sell your house fast.
But Don’t Get Complacent
One final caveat is in order to don’t let the current conditions that favor you as a seller this strong seller’s market lull you into complacency or false confidence. To sell your house quickly and at the best price, possible still takes marketing and aggressive negotiation. And that’s why most sellers still need the services and skills of a good local real estate agent in Council Bluffs and Omaha. So if you want to take advantage of the favorable market conditions and sell your house fast in Omaha and Council Bluffs, be sure to contact a professional local real estate agent in Omaha and Council Bluffs like Chris and her team at Homes By Chris Harter today at 402-378-9462 or www.homesbychrisharter.com!