Are you considering selling your home but are wondering if right now is the best time to do so? Have you thought about contacting a Chandler realtor to help you list your home but you aren’t sure if you’re ready to begin the process? Several Chandler realtors want you to know that right now is a great time for you to sell your home for a few different reasons. In the past few years, the real estate market trend has widely been that it is a buyer’s market, but that trend is changing and many areas are now seeing a seller’s market explain Chandler realtors.
One of the main reasons that the trend is changing to a seller’s market in Chandler and surrounding areas is because inventory is relatively low. According to one Chandler realtor the current inventory level is a little more than half of what it typically is. Having low inventory when it comes to homes for sale is essentially just like supply and demand; there are more buyers than there are homes on the market so some sellers are seeing multiple offers on their homes, shorter listing times and better offers on their homes. Buyers know that if there’s a home out there that they want they need to act fast and they need to bring a decent offer to the table because there is so much competition.
Another reason that Chandler realtors say it is a great time to sell your home is because interest rates are going up. As this continues to happen, fewer buyers will enter the market because they won’t be enticed by low interest rates or they may not be able to afford a home, either at all or in certain price points, when interest rates are higher.
If you have even considered selling your home, don’t hesitate any longer. Right now is a great time to sell your home while there is low inventory, a large amount of buyers and low interest rates. Contact your Chandler realtor today to start the process of listing your home for sale and to take advantage of this great seller’s market.