K Benjamin
by on June 27, 2022

When you look at the current state of the economy, it’s easy to see why some people are hesitant to sell their houses. For most first-time house sellers, it is a “trip into the unknown”. Scary, for sure. So, what’s the best way to fix this? Learn about the ins and outs of selling your house for cash, so at least you will know some of your options.  The good news is, that a lot of people are looking to buy homes, so this is a really good time for you to sell.

1. Home Buyer Demand May Continue to Rise!

House selling slowed for a while during the covid pandemic, but now it is coming back. People are getting back to their old routines and the real estate market is bouncing back because of it!

The National Association of Realtors is seeing signs of a continued rebound in the real estate market. In May, after two months of decline, pending home sales rose by 44% in some cases- the highest month-over-month jump since 2001, when the index began.

2. Another Reason It’s a Good Time To Sell Your Home: Inventory Remains Low

The shortage in available homes was expected because people were afraid to leave their homes and meet buyers etc. This has now all changed. People have been vaccinated and there is less fear of contact with others. In essence- life is going back to normal. Research from the National Association of Realtors (NAR), has concluded that Americans are spending more time living in their homes, on average 13 years. Also, another factor that has affected home availability is the lessening of distressed properties because of government grant assistance and higher unemployment benefits. This has made it easier for people to maintain their houses. But government help is not always consistent, and sometimes people may want to get a jump on things and sell their houses quick- for cash. Find out more here

3. Home prices are up

According to most sources, there are more people looking to buy than those looking to sell. With more buyers than homes available, sellers are in a better position to sell their homes quicker, and this includes financially distressed properties also.

For sellers, this is good news. According to data from the National Association of Realtors, single-family home prices actually increased in most markets during the first quarter of 2020.

4. Mortgage interest rates are low, too

To put it plainly, in language a non-broker can understand, interest rates on mortgages are down now, which means that you can save a lot of money over the lifetime of your mortgage loan.

  1. Market Your House in a Smart Way To Sell Fast For Cash!

If you want to sell your house fast, you may want to try going it without a real estate agent, in order to save the commission you would have to pay. One way to do this would be to call a cash buyer directly and get a quote, and another way would be to market your house yourself. You can make a free website that features your house if you are so inclined. If you have the time and energy, you can post your house on various social media platforms like FB and Instagram.   

  1. Conclusion

Now Could Be One of the Best Times To Sell Your House!

People in the real estate business speculate that home prices will continue to rise. Bottom line: if you’re interested in selling your house, and you want to do it quickly, without worrying about repairs, find a reliable company that buys houses for cash and takes the first step- get a free quote. Good luck!

Posted in: Real Estate
Topics: house, cleaning
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