selling your home

It’s a Sellers’ Market

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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Are you ready to make a move and sell in 2021?

Bottom line, there simply are not enough homes available to meet today’s buyer demand. Homes are selling just as quickly as they’re coming to the market. The housing inventory is at a record low. A “normal” housing market, typically has a 6-month supply of unsold inventory to balance out.

With so few homes available, we are truly in a sellers’ market. If you are a homeowner and you are ready to make a move right now, you have the opportunity to negotiate the best possible contract with buyers because the market is so competitive. On average, homes are going under agreement in less than a month and home prices are rising. In some cases, buyers are waiving contingencies, such as, inspections, appraisals and paying cash to give them more of a competitive advantage.

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Virtual Home Buying

In a year when we’ve learned how to do so much remotely, homebuying is no exception. Digital practices have simply changed the way that we live and operate in today’s world.

This year, rather than delaying their home purchases, buyers- alongside their trusted Real Estate Advisors have turned to the Internet to do more than just your “typical” home search. In some cases, a lot of homes were purchased sight-unseen, meaning the houses were purchased without the buyer even stepping foot inside. According to the National Association of Realtors, throughout the COVID-19 Pandemic, 1 in every 20 homebuyers purchased a house sight-unseen.

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