In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. Right now, homebuyers want three things:
- To be the winning bid on their dream home
- To buy before mortgage rates rise more
- To buy before home prices go even higher
These buyer needs give you an amazing advantage – also known as leverage – when you sell.
What Does This Mean for Sellers Today?
You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.
According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold in 2022 is receiving 4.8 offers. In comparison, MVP's clients for 2022 so far are averaging 6 offers on their home and receiving an average of 109% of their asking price for 2021 and 2022. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, look closely at the terms of each offer to find out which one has the best options for you.
And if you have questions at any point in the process, remember MVP Realty Group, your trusted real estate advisors, can help. We’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.
If you’re thinking of selling your home, know buyer demand in today’s market gives you a great opportunity to get the best terms and price when you sell your house. Connect with a real estate professional today to discuss how much leverage you have as a seller in today’s market.