Home sales are currently dropping across the board and the number of agents has risen. You need experience on your side when it comes to selling a home in this market. Hiring a qualified Realtor with a good track record of selling homes like yours in order to get top dollar for your home is more important now more than ever.
Who You Hire As Your Realtor Matters
The National Association of Realtors (NAR) reports that home sales are down and the number of agents has increased. This means that buyers have more choices when it comes to making offers on homes and they can be pickier.
Even during the early days of the lockdown, the housing market was more active than it is now, as higher mortgage rates continue to dent demand for would-be house-buyers. Indeed, you have to go all the way back to 2010 to find lower sales activity.
Existing home sales in the US have dropped for the 12th month in a row, the longest consecutive decline on record, with the seasonally adjusted annual rate falling to just 4 million properties in January.
As a seller in this housing market
As a seller, you need to be choosier as well. You want someone who knows the ins and outs of the market, knows how to negotiate, and has a proven track record of successfully selling homes like yours.
You also want someone who is experienced in dealing with the type of buyer that is interested in your home. For example, if you are selling a fixer-upper, you want an agent who is experienced in working with investors.
When it comes time to sell your home, don’t just hire any real estate agent. Do your research and find someone who has the experience, knowledge, and track record that will help you get top dollar for your home.
WHAT YOU CAN DO
If you’re on the hunt for your dream home or want to list your existing home on the market, there are some things you can do to maximize your chances of success:
hire an experienced real estate agent who can guide you through the process; of course, we’d love to help you.
understand what comps (comparable homes) have recently sold for in your area so you know what your asking price should be; we can help you with that as well.
keep an eye on interest rates—they could rise at any time; we can share a few awesome mortgage brokers with you for the most up-to-date rate information as well as loan options.
act quickly when making and accepting offers with guidance of course; the worse thing you can do is be left saying “I wish I would’ve…”!