Why Now Is The Best Time To Sell Your Home In 2022
Posted Jan 25th 2022
If you’ve been thinking about selling your home, 2022 may be the best time to do this. The biggest reason now is the right time is because there is a shortage of homes for sale, so you would sell your house very fast.
There is a strong demand from prospective buyers, but there are not enough homes in today’s market to meet this demand, so you can take advantage of this aspect. Inventory is a big issue in the real estate market, and buyers are fighting to get their hands on a property. In most cases, there are multiple offers coming as buyers compete to buy one of the few available homes.
Simply put, it is a seller’s market at the moment, so it is a great time to list your home. The real estate industry is booming, and sellers are getting record-high prices for their homes, so if you are ready to sell, do not wait any longer because you will likely be able to get a higher price than what you are asking. Multiple showings and offers are now the norm, proving that there is red-hot demand and record-low supply, making it difficult for buyers but easy on the seller.
You need to act fast as this low inventory issue may not be here to stay. While the effects of the COVID-19 pandemic continue to linger, there is light at the end of the tunnel, and once kids are back in school and lockdowns are over, many more homes will hit the market, so yours will not be as desirable anymore. When buyers have more choice, they will not act as fast and take their time to place an offer that can work against you. You need to take advantage of the shortage while it’s there because once the pandemic is over, there will be more inventory, and you may not be able to sell your home at the price you want.
As of now, people are still struggling to show their homes because kids are home learning remotely, and family members are always home because of restrictions and lockdowns. This is challenging for many who want to sell, causing them to put their sale on hold until things get back to normal. If you are not facing these challenges, listing your home now would be a great idea because you will beat the competition and win in today’s marketplace. Buyers are out there in full force, so 2022 is an opportunistic time to list your home because of the high demand and intense pricing pressure.
Whether you want to buy or sell, working with a reputable real estate agent is a must, and the Baird Team can help! We have access to homes for sale in the Clarington, Bowmanville, and Oshawa areas and will help you find your dream home, so contact us today!