Do you have a crystal ball? Well, neither do I.
Right now, there has never been a better time to sell your home, but that may not always be the case.
Hi, I'm Tami Savage with the exp realty.
Back in 2008, when it was very similar to now, prices were booming, we were seeing multiple offers and bidding wars. Buyers were fighting for properties and bidding up prices so high that they weren't even appraising. It was almost like overnight, we went from having it be a total seller's market to being a buyer's market. It truly was insane. We went from having no inventory to having a surplus of inventory. That in conjunction with the bad mortgages caused the real estate market to crash and people were losing their homes left and right.
Now, I don't think we're going to see that happen. However, I do personally feel that there is going to be a correction in the market. I feel it so much so, that I personally just sold my own residence.
So, we just don't have a crystal ball and if you're waiting for the market to go up you just never know when it could shift.
Also think of this. If you sell your home and you get a surplus of money that you weren't expecting because the market is so strong, that means you'll also have more money to purchase a higher priced home.
Also keep in mind that the higher the price of the home typically the less competition there is. You'll still most likely be competing, just like the buyers are for the home you're selling, but if you're moving up and not down at a different price point, chances are it won't be as competitive as what you experienced when you sold.
I'm Tami Savage, your key to a new lifestyle.
Thanks so much and have a great day!
Oh, and be sure to look out for more videos on why now is the right time to sell and I'd love it if you check out my new YouTube Channel, Tami Savage realtor.
See you soon!