Many homeowners who have been waiting to sell their homes are finding there is no time like the present. According to recent statistics, homeowners are deciding to remain in their homes longer than at any time during the past 18 years. Those who decided to sell in the 2nd quarter of 2018 owned their homes for an average of 8.09 years and the wait seemed quite advantageous. These sellers achieved gains averaging $58,000, which is the most since the 3rd quarter of 2007. For perspective, it pays to know that sellers gains reached their peak in the 4th quarter of 2005, when they averaged $89,780 and bottomed out in the 1st quarter of 2009 when the average seller lost $58,735.
The process of selling a house is one that requires work. The more work you do including finding an agent to list your home, making necessary repairs and keeping your property in good condition so it’s ready for potential buyers to see on short notice, the more you’ll increase your chances of attracting serious buyers willing to pay top dollar for your home. For more information, please call my office at 732-297-1100, ext 114. As a RE/MAX Diamond, REALTORS® Sales Associate, I can provide you with the resources you need to make the home selling process simpler. My office is located at 3430 Route 27 Kendall Park.
HINT: Rising interest rates may also be prompting many homeowners to place their homes on the market as higher mortgage rates cut into buyers’ willingness to spend more.