It's Time to Sell!
Well, for the past several weeks, I've mentioned the benefits of buying or selling, including some very detailed statistics and graphs of recent market activity. Well, here's the latest on market activity and it doesn't just suggest you sell. It SCREAMS IT! Not only are homes, especially those that are 'done' selling quite rapidly, but now we're seeing an increasing number of multiple offers! Is it 2005 again? Not at all. However, if anything is encouraging and indicates a rapidly improving market, it is sales that don't just come in increasing numbers, but that arrive with competing offers for the same property.
While it is true that all homes are not receiving multiple offers, and some are being reduced (this also happened in the early 2000's), the fact is that people are seeing enough good news in the economy to feel comfortable offering asking or more than asking price, and in some cases, getting into competitive bidding on a home. In recent weeks, we have seen a number of such situations, topped of by one property that garnered ELEVEN (not a misprint!) offers! I think you can guess where that one went relative to its original asking price.
When you add in such factors as continued near record or record low interest rates, an improving economy, both in terms of new jobs and the recent rise of the stock market (the Dow, at nearly 13,000 is double where it was in 2008), you can't find a better time to take advantage and put your home on the market.
Unsure of details or how to get your home ready for the market so that it will bring the most money in the shortest time? Call us: Jane: (415) 531-4091; Peter: (415) 279-6466. We'd be happy to help you!