What do one of the lowest interest rates in history have to do with you selling your home? It’s causing an increasingly high demand of home buyers and it is another great reason for a seller to sell this spring. If you’ve contemplated selling, well there hasn’t ever been a better time. Also, we don’t know how long interest rates are going to remain this low and how long inventory is going to remain low.
I would imagine that a lot of people have been putting off selling their home because of the Covid-19. As the world begins to open back up, and people start to feel more safe, you can imagine that the inventory levels should start to increase and buyers will have more homes to choose from. Right now we’re seeing multiple offers and bidding wars like crazy in this market. Buyers are practically giving away their first born child to get into homes. ShowingTime, which tracks the number of buyer showings on residential properties, recently reported that buyers showings are up 51.5%. And as Daniil Cherkasskiy the Chief Analytics Officer of ShowingTime says: “As anticipated, as demand for real estate remains elevated and continues to be affected by low levels of inventory. On average, each home is getting 50 percent or more requests [for showings] this year compared to January of last year. As we head into the busy season, it’s likely we’ll push into even more extreme territory until supply starts catching up with demand.”
So sellers, there’s no time like the present, don’t let this high opportunity of high buyer demand pass you by, the ball is in YOUR court, you’ve got the selling advantage.
I’ve created more videos on this video series on the 5 reasons why selling this spring is an amazing time. Seize the opportunity while the opportunity is still available. You can binge watch them all here —> Why NOW is The Right Time To Sell Your Home in Oakland Berkeley East Bay Area
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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