Marin REALTORS are reaching a consensus. The number of people who want to buy a home is growing despite a shortage of sellable properties. As demand grows, the values of other properties are rising. As a seller, you are at an advantage. You can get top dollar for your property if you take advantage of the current state of the market.
While the spread of the novel coronavirus might be putting the economy at a standstill, it isn’t changing the demand for properties. Renting and eviction freezes as ordered by the government means that more properties aren’t entering the market. As such, the current supply is remaining stable and small.
As a result, homebuyers who have the resources may be tempted to initiate bidding wars while banks are offering mortgages at lower rates than usual. Given these circumstances, it is possible to make a healthy return on investment should you decide to list your house.
Selling your home can be one of the biggest decisions in your life, so it is understandable if you want to have more information available. Arrange a consultation with your Marin REALTORS to discuss your options. They can provide insights on the current housing market and help you make a sound decision.
