Sellers: You Have a Once-In-A-Lifetime Opportunity
Thinking about selling your home in 2022? The current limited supply of homes coupled with strong demand means right now you have a once in a lifetime opportunity to maximize your negotiating leverage. Here’s why.
Demand Is Extremely Strong
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 2021 saw the largest number of home sales in 15 years at 6.18 million Demand is expected to set new highs in 2022 as experts like the Mortgage Bankers’ Association (MBA) predict existing-home sales to increase to 6.4 million homes. And that expectation extends to areas like Southlake, Keller, and Flower Mound..
Supply Is Still Very Limited
The total number of available homes for sale in December was down 18% from November, and over 14% from the previous year. While we expect inventory to decline over the holidays, the graph shows this past December hit the lowest number of available homes since 1999.
Sellers Have Maximum Leverage
It’s all about supply and demand. In this period of low supply and high demand sellers enjoy maximum leverage in negotiations. If you’re thinking about selling, there may never be a better time than right now. Buyers understand they must make flexible offer to be competitive which allows you the ability to negotiate:
- Top sales price
- Flexible closing date
- The opportunity for a easeback, allow you more time to find a home with your money in hand
- Minimal offer contingencies
The Take Away
If you’re thinking of selling your house this year, let’s get together and discuss what you can expect to gain by selling in today’s market.