The Data is In – NOW is the time to sell!

There's never been a better time to sell your home in Kamloops

The statistics have been compiled from 2016, the data is in, the analysis has been done, and the verdict is quite simple – NOW is the time to sell your home. If you’ve been thinking, debating, contemplating a sale, an upgrade, a downsize, or any other reason you might sell your home, there has never been a better time than right now. Seriously.

Here are a few reasons why it is in your best interest to sell now….

1. Home prices are up!

People used to be underwater on their home from the recession. That is no longer the case. Home prices have rebounded well. Home prices rose 6% last year. Tight inventory has caused home prices to sky rocket. That will level out soon. With home prices up and favorable conditions for getting top dollar, it’s advantageous to capitalize now.

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2. Inventory is TIGHT!

You know what’s crazy? Home sales hit an all time high last year and inventory (the number of homes on the market) declined yet again. We have a major shortage of homes on the market, yet we still had more sales than ever. Can you image what things would be like if more sellers chose to sell? With tight inventory, it is a STRONG SELLER’S MARKET. There are more buyers than sellers, meaning more competition and a better price for your home. Selling while inventory is tight is much more advantageous than waiting until the market is balanced or flooded with new listings.

3. Mortage rates are still LOW!

We are still at crazy low mortgage rates. If you’re looking to upgrade your home, the combination of netting top dollar for your sale and getting into something new with low interest rates is a win-win for you.

4. Buyers are EVERYWHERE!!

There is much more demand than supply. We have baby boomers downsizing, empty nesters finding something different, families growing and needing something larger, and millennials entering the home buying market in droves. All of this means that there are buyers out there at every price point. Open house's tin Kamloops are busy. Now is the time to list your home and get in front of as many buyers as possible.

All of these things above add up to a market that is ripe for a home seller to net top dollar and a quick sale for their home. If you are contemplating a sale, debate no longer. NOW is the time to sell. There’s never been a better time and you can’t ever predict what tomorrow will bring. Get a great Realtor and let them get you the best deal on your home.

Call Danielle to arrange a FREE NO OBLIGATION market valuation of your home today (250).319.5896

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