SELLER TIPS!!
WHAT’S STOPPING YOU FROM SELLING YOUR HOME?
Are you thinking of selling a home in 2023? Are you concerned there are no buyers in the market because of interest rates? Are you worried about finding a new home because of inventory? Regardless of your reason to hold off, we wanted to give you a market update and some tips to selling your home in 2023.
There are no buyers
Interest rates have driven buyers out of the home buying market. This is the farthest from the truth! Yes, rates are up but buyers are still in the market. We have had several listing so far in early 2023 where we are still getting multiple offers. Two listings had over 15 showings and multiple offers. Yes, it’s true we are not seeing offers going as high over asking price like we saw in 2021 & 2022 but they are still over ask. We have so many buyers looking here in Ohio in the Auglaize, Allen, Hardin, Mercer, Logan and Shelby county areas. Until we have more homes for sale, competition in the our market will continue to remain high.
Inventory
Binkley Real Estate, LLC has been a real estate brokerage since 1984. The last 5 years have been the craziest market our Realtors have ever seen. The inventory alone has been at an all time low since 2017. In the past it was not uncommon to go out and show 5-10 houses on a single day. Now you may take a buyer out to one house one day and another house on another day.
As a seller we understand that this topic would be concerning also. Where are you going to go if your home sells? “We can’t be homeless”! This is very understandable concerns. I want to take a moment to address this issue. Again there are so many buyers in the market it’s not the time to miss out. We can always list your home and market it for sale contingent on you finding a suitable home. This is something your realtor will manage for you and can be negotiated with he buyer. Again, We have so many buyers looking for that perfect home and most will wait to close if they can. Are you now wondering what a contingency is? This is a condition that has to happen in a contract before the sale can proceed.
What Is Your Home Worth??
As you can see we have many option to help you as a seller to sell your home comfortably. Our goal is to make this the best experience possible so call your favorite Binkley Realtor today for more information on this process.