All across the nation, the housing market is hot, and it’s a great time for selling your home for various reasons.
Due to the COVID-19 pandemic, many Americans have shifted to working from home, and even relocating to find a better housing situation now that commuting is less of a worry. North Carolina is part of this trend, with home prices rising and higher supply than demand. But if you’re looking to take advantage of your home’s increased equity and the housing demand, you’ll want to move quickly. Read on to find out why.
No One Can Foresee the Future
The world collectively has seen this to be true over the past year and a half. Who could have predicted the fallout of a worldwide pandemic and the evolution of the housing market during that time? Likewise, no one can know for sure what will happen as things begin to normalize. By selling your home quickly, you can reap all the benefits of low supply, high demand, and historically low mortgage rates, all before some unforeseen circumstance changes those conditions again.
When you’re trying to maximize your profits, time really is money. A long, drawn out process of hiring a real estate agent, hosting showings, and looking for potential buyers eats away at your profits. The average commission for a real estate agent is 6% of the sale price. For a $300,000 home, that amounts to $18,000 less in your pocket! In a traditional, slower housing market, this could be money well spent. In today’s real estate world, however, there are many would-be buyers, often offering well over the asking price for your home.
Factor In Moving Expenses
One hidden cost that many people don’t consider is the actual expense of moving. Depending on how far you are moving, and how many possessions you need to move, this can vary greatly. A benefit of selling your home quickly is that you won’t be trapped waiting for your current house to sell before buying and moving into a new one. In such cases, you must find interim housing, and often pay for storage to hold your belongings until you can move. Not only are you then moving twice, but you have all the additional cost and headache of paying for rent and storage.
Sell Your Home with Joe Homebuyer Triad
It’s arguable that there has never been a better time to sell your home, and it’s possibly never been easier. With that being said, it is still something of a process to find a buyer, wait for financing, inspections, and closing dates. All of those steps of the homebuying process average out to about 45 days from the buyer’s offer to closing. While this isn’t a lifetime, some circumstances, such as a new job relocation or divorce proceedings, might require an even shorter timeline. Here at Joe Homebuyer Triad, we can help you sidestep all of the lengthy processes of the typical house selling experience. We give you a fair cash offer and require no showings, no cleaning or repairs, and no commissions. Contact us online to receive a no-obligation offer on your Greensboro, North Carolina, home today!