The market doesn’t lie – selling your home right now may be the best decision you can make!
LOW INVENTORY
We no longer need to wait until spring to put a home on the market. In fact, the inventory of active listings is still down 52.8% compared to 2019!
Here at The Vanessa Maggi Team, our new listings, especially single and multi-family homes, are receiving several offers, many at or above asking price.
New construction projects have slowed down due to decrease in supplies, materials and workers – all as a result of the pandemic. This provides you with even more incentive to list your already established home on the market, because there is less new and shiny competition.
INTEREST RATES & MORTGAGE RATES ARE DOWN
With inventory at an all time low, and interest rates even lower, now is the time to list your home for sale!
“It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months,” said Freddie Mac’s chief economist Sam Khater on September 16.
“The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” he explained.
Locking in these low rates for buyers is key in their purchasing process. They are eager to buy a home while these rates are so low.
FLORIDA IS A POPULAR STATE WITH HIGH INFLUX OF CALIFORNIANS & NY’ERS
We work with motivated buyers every day. They are purchasing some homes without even seeing them in person. Out of state buyers are moving in daily, and looking for a Florida home now! Just about 400,000 new residents have moved into Florida April 2020 and April 2021. And, according to the National Association of Realtors, close to 28% of the people relocating to Florida came from Texas and another 15% relocated from New York, with a little over 6% coming from California. This trend will not be slowing down any time soon!
You must choose a realtor that is very familiar with your local area, has pre-approve buyers, and will market your home on all modern and traditional platforms.
