IS YOUR CHANCE TO SELL A HOUSE FOR TOP DOLLAR IN 2020 ABOUT TO SLIP AWAY?

 

There are two major trends home sellers need to be aware of right now…

 

In June there was an all-time high for Google searches related to selling a house next

 

A recent study from the National Assoc. of Realtors shows 47% of US homeowners have recently considered selling due to financial concerns And from March-June, 35% of homeowners skipped or missed a mortgage payment.

 

On top of this, consider…

·         Mortgage forbearance is winding down at the end of July

·         Foreclosure deadlines are becoming a reality very soon

·         The pandemic continues to impact the economy (especially here in the Dayton area)

 

This all points to a scenario where we see a wave of houses hitting the market later in the year.

 

TODAY, however, inventory remains extremely low and interest rates remain historically low. And home buyers are very active causing demand to be extraordinarily high!

 

So, supply is low, demand is high, and sellers are benefiting… I’m seeing it with my home-selling clients.

 

My clients in Vandalia received multiple offers and went into escrow at 15% higher than what the seller originally wanted to ask for the house

 

My clients on Centerville also received multiple offers and sold in 4 days for over asking price and after being on the market with another agent for 9 months.

For buyers, on the other hand, competition is tough. We’re pulling out every trick in the book to make sure our home buying clients come out on top and win.

Click here To get about more info :- Dayton Best Realtor

 

Is this dynamic going to flip later in the year?

Based on recent trends and indicators, it seems home sellers might be the ones facing more competition as housing inventory climbs. If you want to net the maximum amount on your house sale in 2020 now is the time to explore taking advantage of supply and demand.