{"id":6733,"date":"2021-08-04T17:30:44","date_gmt":"2021-08-04T17:30:44","guid":{"rendered":"https:\/\/www.webtechmantra.com\/?p=6733"},"modified":"2022-02-25T11:26:57","modified_gmt":"2022-02-25T11:26:57","slug":"sellers-hot-market","status":"publish","type":"post","link":"https:\/\/www.webtechmantra.com\/sellers-hot-market\/","title":{"rendered":"Why Sellers Should Get a Move On Things During This Hot Market"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">There\u2019s no time like the present when it comes to selling your house. <\/span><a href=\"https:\/\/www.homelight.com\/blog\/real-estate-top-agent-insights-summer-fall-2021\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HomeLight\u2019s 2021 Q3 survey<\/span><\/a><span style=\"font-weight: 400;\"> reveals that 97% of surveyed agents say their market is booming and houses are being sold at breakneck speeds. Some have even said that due to the vaccine rollout, potential buyers are out in full force and they are taking advantage of the low interest rates, even if they\u2019ve been on the rise over the past few weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t get us wrong, the pandemic is still a very big problem that needs to get under control. Sellers are still hesitant to put their homes on the market because (interestingly enough), there aren\u2019t more people selling their homes!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re thinking about listing your home but you need some extra convincing, here are a few reasons why you don\u2019t want to miss this opportunity to sell and make a profit.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.webtechmantra.com\/sellers-hot-market\/#Houses_are_in_high_demand\" title=\"Houses are in high demand\">Houses are in high demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.webtechmantra.com\/sellers-hot-market\/#Bidding_wars_play_a_role_in_increased_prices\" title=\"Bidding wars play a role in increased prices\">Bidding wars play a role in increased prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.webtechmantra.com\/sellers-hot-market\/#Receive_multiple_offers_and_you_could_close_sooner\" title=\"Receive multiple offers and you could close sooner\">Receive multiple offers and you could close sooner<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.webtechmantra.com\/sellers-hot-market\/#Permanent_remote_work_could_drive_mass_relocations\" title=\"Permanent remote work could drive mass relocations\">Permanent remote work could drive mass relocations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.webtechmantra.com\/sellers-hot-market\/#Homeowners_could_make_big_profits_if_you_sell_now\" title=\"Homeowners could make big profits if you sell now\">Homeowners could make big profits if you sell now<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Houses_are_in_high_demand\"><\/span><span style=\"font-weight: 400;\">Houses are in high demand<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">97% of real estate agents from all corners of the country are reporting a surge of buyers entering the market. As more people become fully vaccinated, they\u2019re finally getting the courage to go out and do the things they\u2019ve been putting off &#8211; like buying or selling a house. The down side to all of this is that there are more buyers than sellers, so the market is incredibly cutthroat. People are submitting offers at asking price, removing contingencies, and some are even skipping the home inspection!<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bidding_wars_play_a_role_in_increased_prices\"><\/span><span style=\"font-weight: 400;\">Bidding wars play a role in increased prices<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to NAR, home prices have increased by 14.1% annually, but despite this, prices are going up even further. Prices are increasing because it\u2019s a seller\u2019s market and sellers can ask for higher prices, but 94% of real estate agents say bidding wars are becoming more common in their area.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Note: If you want to get an idea of what you should list your house for before even talking to a real estate agent, you can get a <\/span><\/i><a href=\"https:\/\/www.homelight.com\/blog\/free-home-appraisal\/\"><i><span style=\"font-weight: 400;\">home appraisal<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> and list accordingly.\u00a0<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Receive_multiple_offers_and_you_could_close_sooner\"><\/span><span style=\"font-weight: 400;\">Receive multiple offers and you could close sooner<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With a diminishing housing inventory, people have to put their best offer on the table at the very beginning. Not only that, but buyers could face a heating bidding war which could mean they\u2019ll lose the house if it goes above their budget.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the ways sellers can choose which offer they\u2019d want to accept is the timeframe at which they\u2019d close on the house. For those who need to sell quickly, this very well could be the deciding factor!<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Permanent_remote_work_could_drive_mass_relocations\"><\/span><span style=\"font-weight: 400;\">Permanent remote work could drive mass relocations<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It\u2019s estimated that 40 to 60% of workers have been working remotely because of the pandemic. It\u2019s also estimated that by the time 2022 comes, 25% to 30% will work from home at least part of the week, if not permanently.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the possibility of working from home on a permanent basis, people are willing to pack their bags and relocate away from the city and put down roots in smaller towns. These towns tend to be more affordable and offer more space than living in the city, which are huge selling points.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Homeowners_could_make_big_profits_if_you_sell_now\"><\/span><span style=\"font-weight: 400;\">Homeowners could make big profits if you sell now<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Putting your home on the market isn\u2019t a decision you\u2019ll want to make on a whim. Although this is a great time to sell because prices are high and demand is even higher, you could also run into a situation where <\/span><i><span style=\"font-weight: 400;\">you<\/span><\/i><span style=\"font-weight: 400;\"> must find a new home within your budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But with that said, if you\u2019re still on the fence after seeing why you should really consider listing, talk to a real estate agent and get their opinion. They\u2019ll be able to tell you what you could get for your house and other important details about the market. Who knows, you could find yourself in a situation where you receive multiple offers <\/span><i><span style=\"font-weight: 400;\">above<\/span><\/i><span style=\"font-weight: 400;\"> asking and you could make a decent profit!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s no time like the present when it comes to selling your house. HomeLight\u2019s 2021<\/p>\n","protected":false},"author":1,"featured_media":6734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1169,1170],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Sellers Should Get a Move On Things During This Hot Market<\/title>\n<meta name=\"description\" content=\"Calling all homeowners! This is the perfect time to put your house on the market! 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