Expert Insights for Today’s Sellers
Real estate experts agree: sellers have a great opportunity in front of them this season thanks to low housing supply, home price appreciation, and growing home equity. These are some of the main reasons industry leaders say you should consider selling your house this summer. “ There is an ongoing housing shortage, and properly listed homes are still selling swiftly – generally seeing a contract signed within a month. - Lawrence Yun, Chief Economist, National Association of Realtors “ The process of getting a home ready for sale traditionally involved cleaning, repairing any items needing maintenance, decluttering, and even staging. With many homeowners expecting a quick sale, . . . the preparation process took less than a month for over 50% of home sellers . . . with 20% completing it in less than two weeks. - George Ratiu, Senior Economist & Manager of Economic Research, realtor.com “ This imbalance between an insufficient number of owners looking to sell relative to buyers searching for a home has led to the record appreciation of the past 12 months. - Dr. Frank Nothaft, Chief Economist, CoreLogic “ Strong house price appreciation typically encourages more existing homeowners to move. As homeowners gain equity in their homes, they may be more likely to consider using the equity to purchase a larger or more attractive home. - Mark Fleming, Chief Economist, First American
5
Made with FlippingBook Learn more on our blog