Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
Knowing whether you're in a buyer’s market or seller’s market will help greatly when preparing to list your home. With the right preparation, market trends and behavior can work in your advantage. Here is a basic guide for recognizing the indicators of a seller's market.
When there are fewer homes for sale in the housing market than the current demand, it creates a seller's market. There are numerous reasons why this sort of market occurs, including an increase in local jobs available, low mortgage interest rates, world events, etc.
Seller’s markets are typically quick, and homes can move off the market in a matter of days. Potential buyers must act fast and should be prepared to offer more than the asking price.
One key indicator of a seller’s market is the increase of home prices due to lower inventory. This sort of real estate market arises when the demand exceeds supply. In this sort of market, homes do not stay on the market for long.
Home sellers in this market may find they get many offers for their property. Home buyers may find they have to be quick when putting in offers.
By pricing their house fairly and sorting through competing offers to find the best one, seller’s can close quickly and for great profit! However, a seller must be patient during this time and reasonably compare offers to make the best choice for their household.
Examine the local data to determine what sort of market you’re in. Even if you’re in a hot market, still take the time to thoroughly inspect and prep your home for sale. Hiring a real estate agent can assist you with understanding these trends. They can also help guide you in the right direction through the selling process and get the best possible price for your home.
Professional Real Estate Agent serving and educating the Sacramento area in home buying and selling. When selling a home, I can make your home attractive to its ideal audience - which can make all the difference for some home buyers. Things like staging the home, making repairs and minor improvements can make all the difference. When buying a home, you need someone who knows this area inside and out. I will be your advocate and work with you to find the right home at the right price for you. We'll work together to find a home in the neighborhood you want, with the amenities that matter to you. I'm passionate about working with the community, from supporting youth and homelessness programs, to bringing awareness to health and community issues. Please feel free to connect, as I'm always looking to expand my network.
