GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
If youre thinking about selling your home, that usually means youll have more leverage than the buyer does.
Buyers are going to be competing aggressively with each other, and that gives you the upper hand.
Youll get better offers, and youll have more control over the sale.
Youll probablyearn more money, too.
So it helps to know when the market is on your side.
Should you list your home now, or wait?
GOBankingRates spoke to some experts, who explained a few ways to tell.
Also, check out somekey strategies for selling your home in a sellers market.
Low Inventory
A clear sign of a sellers market is that fewer homes are available for sale.
If youre selling, youll have more leverage in negotiations.
This is where sellers have the upper hand, said Warner Quiroga, owner ofI Buy LI.
When theres barely anything available, buyers are scrambling.
Sellers can sit back and watch the offers roll in, added Greg Clement, founder and CEO ofRealeflow.
Homes Disappear Fast
Low inventory also means that homes dont sit on the market for long.
As soon as a home is listed, interested buyers will have to move fast.
They know that waiting too long could mean losing out on the house they want.
As a seller, this is great for you.
When homes disappear from the market this fast, it means theres high demand.
Youll be able to move buyers through the process without delays.
Youll also have less stress from staging, extended showings and waiting for offers.
They might have a go at outdo each other by raising their offers.
This could drive the final sale price over the original asking price.
This is great for you.
When buyers are outbidding each other, expect offers well above asking, said Clement.
Desperate buyers mean sellers can set the terms.
This is your moment to clean up.
you might sell faster, for more money and with fewer strings attached.
Buyers know they have limited options, so theyll give you what you want.
If youre selling in a sellers market, you might have your pick of offers.
If youre ready to sell, youll get higher offers than you would in a buyers market.
It pays to strike while the iron is hot.
More From GOBankingRates
Share This Article:
