We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are stranded in the middle of the desert without water… water is worth a fortune.
If you are thinking of selling your home, here are two facts that strongly suggest that the time to sell is now.
DEMAND
According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.SUPPLY
The most recent Existing Home Sales Report from the National Association of Realtors-NAR revealed that the months' supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year.Market Conditions are Screaming:
Listing your house for sale when demand is high and supply is low will guarantee that the offers made will truly reflect the true market value of your property.
If you liked this, check out: HOME EQUITY GROWS
Two Things You Don't Want To Hear From Your Listing Agent is also a good read.
The Importance of Using a Professional When Selling Your Home