covid-19 pandemic

Thinking About Selling?

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If you’re a homeowner thinking about selling, don’t wait. You have a huge advantage in today’s housing market as we are in the ultimate seller’s market. The buyer demand is still at an all-time high and with very few houses on the market for sale, making it the best possible time to sell.

Buyer traffic is strong, and they are each determined to find that home that “fits the bill.” Sellers are still receiving multiple offers and these bidding wars are continuing to drive up the prices of homes.

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What’s Motivating People to Move

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There are a variety of different reasons why Americans are moving this year. The health crisis has truly reshaped people’s lifestyles and needs. Many folks are spending so much more time in their homes and it has made them reconsider what homeownership truly means to them.

The COVID-19 pandemic has been a major influence on consumers moves in 2020 and 2021. Whether it because they wanted to be closer to family, change in employment status or a desire for a change in lifestyle.

Remote work has become the new norm. For some, its lasting much longer than initially anticipated. Maybe your current home isn’t optimally designed for a make shift home office and it is creating a challenging working environment. Many of the current workforce is discovering that they don’t need to live so close to the office anymore and they aren’t making that daily commute. Many consumers are realizing that they can get a little more for their money if they move further away from the city.

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Common Misconceptions about 2021 Market

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There are common misconceptions about buying or selling in today’s real estate market. This is when have a trusted real estate advisor in your corner is crucial.

Pre-approvals

Is it better to get pre-approved after you find your dream home? Actually, no. It is important to get pre-approved before you begin your home search. This allows you to get to know your budget and gives you the opportunity to act quickly if you are ready to proceed with making an offer on a home.

Low Offers

In a competitive seller’s market like we are in now, it is best to come in with your highest and best offer from the start. If you make your lowest offer first, you may not get another opportunity.

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Should you Renovate before Selling?

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Are you interested in selling, but unsure if you should remodel your home to make it more appealing to buyers?

Here are a few tips if you are interested in selling this season. According to theNational Association of Realtors (NAR),there is only about a 1.9 month’s supply of available listings on the market. Just to put that into perspective, a “normal” housing market typically has a 6-month supply of homes for sale. This market is resulting in high buyer competition and home are only on the market for an average of 21 days, during that time the seller many receive multiple offers from hopeful buyers.

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It’s a Sellers’ Market

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If you haven’t realized this by now, it truly is a Sellers’ Market. Now more than ever is a great time to sell property! Over the past year, home owners have gained an unprecedented opportunity to win big by selling in today’s housing market.

Here is a brief update on the current market. The State of New Hampshire has 1,206 Residential Listings (for the whole state). As of today, 2,594 Residential listings have closed year to date, with another 2,770 Under Agreement. This increase in demand coupled with such limited supply is leading to more bidding wars throughout the country. (Data from New England Real Estate Network).

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