The Right Time to Sell a House in Anaheim Hills
When is the right time to sell your house, it’s much 2022. So if you’re a seller and thinking about selling, this may be a great time to sell, because you can profit the most and make the most out of your equity. As you know, the prices are very high. This is a seller’s market, it’s a hot market.
Whether you’re thinking about selling your home in Anaheim Hills, Orange County, or anywhere nationwide, here are four reasons why this may be a good time to sell according to the National Association of Realtors and realtor.com. And showing time where this data is coming from there is saying that right now the buyer activity is up 12.5%, which is a very high activity compared to normal activity. So there is a demand for homes.
The best time to sell is when there is demand. Because when there’s demand, you get your price, you sell it in a timely manner. And you get to control your terms and conditions when you sell the home.
Why you may want to sell right now is because when a house goes on the market, and because there’s such high demand on average homes are getting an average of 3.8 offers per listing. So homes are selling right away. There are multiple offers. And when there are multiple offers almost 99% of the time homes sell higher at favorable terms to the seller than the listing price and they sell very quickly.
Why you may want to think about selling this year versus waiting is because there is low inventory the year over your inventory is down 26.8% According to the data sources that I talked about earlier.
Now you have to remember that yes, inventory is down for two reasons. One, there’s a very high demand from the buyers for this snatched away right away. So what’s happening is because of the fast sales, the inventory does not show up on the market because their homes are selling right away. So the buyers as soon as a home comes on the market sell right away. So although the inventory seems low, it’s there but it’s so right away. So the inventory is in the pending status or under contract status and not under active status. So there’s a lot of homes for sale, they’ve been snatched up so the inventory is low, but so there is no actual shortage of homes for sale they just selling like hotcakes.
Selling very quickly. On average in a normal market homes take anywhere from 60 to 120 days to sell in the recession they were taking up to six months to sell right now the national average is 18 days. That means homes are selling within 18 days, which is a very very strong market, which is what we call a hot market and what we call a seller’s market. So if you’re a seller thinking about selling, making the most money profiting from your home getting favorable terms and conditions when you sell a home this may be a great time to sell.