If you’ve been contemplating when is the best time to sell your property, we’re here to tell you it’s NOW! Deciding when to sell your home is a big decision and definitely takes a lot of thought and consideration. If you believe your personal life is at a point where you’re ready to sell, then the market is ready for you! The real estate market has been on the rise and it’s the perfect time to sell. Why is now a good time? There are a couple reasons, some due to a more national trend, and some due to the local Nashville area.
It’s a SELLER’S MARKET!
Currently there is a low inventory of properties for sale and still many buyers who want to purchase a property. This makes it a seller’s market! With mortgage rates still low, buyers are taking advantage and looking to purchase despite the lower number of homes on the market. Low inventory and a steady number of buyers means more buyers are competing for the same property. This drives the price of the property up! According to the National Association of REALTORS® (NAR), the price of sold home increased in 2015, and still is increasing.
Since there is low inventory of properties for sale, they aren’t staying on the market for very long! NAR reported in 2015 majority of homes for sale sold in 1-4 weeks. This year at Location Williamson, our listings went under contract, on average, within a couple weeks. We know what it takes to get your home sold!
Nashville is the STRONGEST market
In June, Freddie Mac reported that Nashville has the strongest housing market in the country. This is due to a combination of factors including, job growth, better income-to-payment ratio, and more purchase applications. We already know that home sale prices are rising in this seller’s market. In the Nashville area specifically though, home prices were 10% higher in May 2016 than they were in May 2015. Without a doubt, people are looking to buy property in Nashville (maybe it’s because Nashville is now the friendliest city in America!). The large interest in Nashville along with a low inventory of homes for sale in the area makes NOW is the perfect time to sell in Metro Nashville. Location Williamson will make your property stand out and get it SOLD!
Still undecided if you should sell now? Request our free, no obligation pre-listing packet that details our 14-step marketing plan to sell your property. We have the resources, expertise, and passion to sell your property and help you find the next property you’re looking to buy. Let us show you how we can make that happen! Call us at 615.469.1412.
Don’t miss out on this hot market!
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