Many real estate experts say now is the best time to sell your home! Since the early months of 2020, the Covid-19 pandemic has created a housing market that is heavily in favor of those who have a home to sell. So, If you’re considering selling your home – below are a few reasons why there has never been a better time to do so.
Local homes are selling quickly
In a seller’s market, there are more potential home buyers than there are available properties. A seller’s market is the ideal time to sell your home, as you can expect it to sell more quickly, and you’re more likely to receive multiple offers and sell for above-asking price. Knoxville real estate has a record low housing inventory and high demand. The Knoxville residential real estate market is tighter and more expensive than it was a year ago. This is happening throughout the US right now, and it seems the housing market has no intention of slowing down.
You’ve outgrown your home
It can be hard to know if you’ve outgrown your home. Each family’s needs and means will be different — so no one can tell you for certain that it’s time to move up to a new home. However, are you feeling cramped in your home, or have you noticed that you don’t have enough storage for your belongings? Many starter homes belong to singles or couples and are suited to their needs. But, when you add children and pets, many people swiftly outgrow their homes and need to move up to a larger space.
You want to downsize
Making the choice to downsize can be hard. However, identifying the signs that it is time to move and understanding the freedom that comes with smaller-space living can make the decision easier. If the chores associated with owning a larger home are beginning to take their toll, it may be time to consider downsizing. Whether you are tired of mowing the lawn weekly or tired of overpaying somebody else to do it for you, moving to a smaller home will lessen the burden. Also, as children grow up and move out, they often leave a lot of unused space behind.
If you’ve found a new home you’d love to buy with housing contracts that close in a few months, don’t miss your chance. List your home with a realtor (you can always take it off the market if you change your mind) and get your offer letter in.
Provided by homelight.com