If you are considering putting your home on the market with The Scherer Team, there may not be a better time than right now! Here at Keller Williams Realty, we want you to know that certain conditions, which are referred to as “a seller’s market,” can create a, so called, “perfect storm” for homeowners who are ready to sell. There are four major advantages to listing your home while inventory is still low: Decreased competition, higher prices, more bargaining power for the home seller, and less days on the market.
Decreased Competition for Home Sellers
Low inventory of single family homes in the current Palm Beach County real estate market means the competition is low and the demand is high. Buyers looking to relocate or downsize will have fewer homes from which to choose. When inventory is low and the pendulum swings in favor of the homeowner, this can only mean one thing…..
When competition is decreased among sellers, it is automatically increased among buyers. This usually leads to top dollar offers and reduces the amount of “low ball” offers you will receive. Many times, the competition between buyers leads to bidding wars which we all know can benefit the seller tremendously. Not only does this competition lead to higher prices, it also leads to……
More Bargaining Power for the Home Seller
When the competition is steep, buyers will inevitably lose a little of their bargaining power. This leaves the ball in the seller’s court. Not having to bow down to every demand the buyer makes will relieve a little stress when it comes time to negotiate the final price, repairs, and the closing date.
Less Days on the Market
When there are fewer homes for sale in Boynton Beach, buyers are pressured to act more quickly to eliminate the risk of losing out to another prospect. Chances are, the buyer has learned this lesson the hard way and is ready to step it up a notch. In order to make their offer more appealing to the homeowner, they often realize they need to speed up the entire process. Not only will the homeowner benefit from a better price, it is highly likely that they will also benefit from a quick close as well as less hassle along the way.
In conclusion, the market is ever changing and sometimes extremely unpredictable. So, if you are considering listing your home, it would be a wise decision to go ahead and move forward. If you do decide that you want to take full advantage of the low inventory market, Laurie Scherer-Abel and our team can you walk you through the process and share many valuable home seller resources in order to get you started.