Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they want your house in Chicago, IL. Here’s why selling this winter is a strong win for you.
What’s Happening?
Today’s buyers are still dealing with a limited number of homes for sale. Thanks to continued low inventory, those buyers are competing with one another for their dream homes. And when that happens, if your house is one of the few on the market, it will rise to the top of the pool – and it will be worth it.
According to the latest National Association of Realtors (NAR) data, the average seller received 3.7 home offers in September. The map provides a view of what’s happening at the state level.
Nationwide, the average seller today is getting nearly four offers. That number is significant because it means you’ll likely have multiple offers to pick from if you sell your house this season. To put things into perspective, no matter where your state falls, remember that you only need one good offer to close the deal.
Any offer you receive will likely be from a highly motivated buyer doing everything they can to beat the competition. The stakes for buyers are high. They’ve been looking for a house and want to lock in their dream home before prices and mortgage rates rise further next year. Chances are, they’ll get creative with the terms of their offer, which could include waiving contingencies and offering over the asking price – both of which are great news for you.
If you’re on the fence about when to sell, remember your house is a hot commodity this season. As other sellers take a break for the holidays with plans to re-list their homes in the new year, you can put your house in front of motivated buyers by moving today. That means your house will be the center of attention, and likely the center of a bidding war.
What Real Estate Pros Are Saying: Bottom Line
Selling now gives you even more opportunities to win big, as buyers compete for your house in today’s market. Contact Chicago’s real estate professionals at KM Realty Group LLC for more details!
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