You’ve probably heard by now that it’s a seller’s market. But really, it is! All over Iowa and beyond, the inventory of homes for sale is at historic low levels.
What does that mean for you?
It means that if you have been thinking about selling your home, you should think seriously about getting it on the market, because your chances of selling quickly are quite good. Winter is often a slower time for home buying and selling, but this winter has been an exception, we’ve been busy! Interest rates are still great, and home prices are rising, so consumers are flocking to take advantage of the good conditions while they last. Many homes in our market have been selling within the first few weeks, or even days, of being listed. Your chances of getting a strong price for your home are also good, so if you have been ‘underwater’ you might be pleasantly surprised at how shifts in the market have changed that.
When you decide to sell, you’ll need to formulate a plan to prepare the home for selling and for where you will live after the home sells. A good place to start is with your local Realtor and your banker. They can help guide you through the process of selling your home and buying a new one, from start to finish. You should also be aware that new laws have changed the home buying process considerably in the last few years, so if you consider yourself an old hand, you may have a few new tricks to learn.
Selling your home is a serious endeavor, but some planning, elbow grease and great advice can make the process go smoothly. So this is the first of a series of posts to help you get those ducks in a row!