Let's Connect!
JACQUELYN DUKE, REALTOR®
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
  • Buyers
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
  • Buyers
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy

buying and selling doesn't have to be hard.

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

2/17/2022

0 Comments

 
Picture
Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Demand Is Very StrongAccording to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains:
“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it's likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”
Demand isn’t expected to weaken this year, either. In addition, the Mortgage Finance Forecast, published last week by the Mortgage Bankers’ Association (MBA), calls for existing-home sales to reach 6.4 million homes this year.
Supply Is Very LimitedThe same sales report from NAR also reveals the months’ supply of inventory just hit the lowest number of the century. It notes:
“Total housing inventory at the end of December amounted to 910,000 units, down 18% from November and down 14.2% from one year ago (1.06 million). Unsold inventory sits at a 1.8-month supply at the present sales pace, down from 2.1 months in November and from 1.9 months in December 2020.”
The reality is, inventory decreases every year in December. That’s just how the typical seasonal trend goes in real estate. However, the following graph emphasizes how this December was lower than any other December going all the way back to 1999.


Right Now, Sellers Have Maximum LeverageAs mentioned above, when there’s strong demand for an item and a limited supply of it available, the seller has maximum leverage in the negotiation. In the case of homeowners who are thinking about selling, there may never be a better time than right now. While demand is this high and inventory is this low, you’ll have leverage in all aspects of the sale of your house.
Today’s buyers know they need to be flexible negotiators that make very competitive offers, so here are a few areas that could tip in your favor when your house goes on the market:
  • Competitive sales price
  • Flexible closing date
  • Potential for a leaseback to allow you more time to find a home
  • Minimal offer contingencies
Bottom LineIf you’re thinking of selling your house this year, now is the optimal time to list it. Let’s connect to discuss how you can put your house on the market today.
0 Comments



Leave a Reply.

    RSS Feed

    View my profile on LinkedIn

    Picture

    Let's Connect

    With the correct person by your side, the buying and selling process doesn't have to be full of stress, doubt and anxiety - it can actually be FUN! Contact Jacquelyn Duke today to learn more.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    March 2017
    December 2016

    Categories

    All
    Featured Listings For Sale

    Jacquelyn Duke, Realtor®
    Licensed to Sell in the State of Iowa


    Jacquelyn@SellingCentralIowa.com
    (515) 240-7483
    ​

    Re/Max Concepts
    1360 SW Park Square Dr Ste 106
    Ankeny, IA 50023

    ​Disclaimer: The material on this site is solely for informational purposes. No warranties or representations have been made.
    Picture
Proudly powered by Weebly