Are There Downsides to Selling in a Seller’s Market?
For many people selling in a seller’s market is ideal, and many homeowners jump at the opportunity to list if the market is showing signs of being in their favor, however, as with all things there are pros and cons to choosing to list and sell within a seller’s market. Contrary to common belief, you may want to wait to sell, or at least know the cons associated with selling in a hot market prior to pulling the trigger and popping a “For Sale” sign in your yard.
While a “perfect” home sale will often include multiple offers to help raise the sale price of your home, the recent market has shown a huge favor for seller’s which can often result in dozens of offers within the first few days of your home hitting the market. Sounds great right? Don’t get me wrong, this is indeed a great sign, however, it is often extremely overwhelming to receive such a plethora of offers. Instead of reviewing a few offers with your agent, you’ll spend hours and some cases even days trying to sift through offer after offer before finding the once you wish to accept.
While this isn’t necessarily a con for some, the current seller’s market that seems to be sweeping the globe has seen more investors than expected, many of which are offering to purchase homes in all cash. All cash offers are a seller’s dream, and while this remains true, for many homeowners, the thought of selling to an investor is far from ideal as they’d rather sell to a family, or individual who has plans to reside in their home, creating lasting memories and truly turning the house into their own home.
When you step back and look at the big picture, for most, the pros of selling in a seller’s market easily outweigh the cons, however, that doesn’t mean that you shouldn’t consider all aspect of choosing to sell, including any cons associated with the timeline of your listing. Should you have concerns regarding your timeline, list price, or have questions regarding the selling process, be sure to communicate those concerns with your agent so that you can ensure you have not only a successful sale, but a sale that is as stress free as possible.
If you’re currently searching for a new home, are ready to sell your home and have questions or need a qualified seller’s agent to represent you, or if you have any questions regarding Boston Real Estate, please feel free to contact our office at any time.