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In today’s housing market, property owners have a great opportunity to sell their properties and receive potentially the best terms possible. That’s because there’s a limited number of quality properties on the market, which is creating competition among buyers.
The current economic situation has seen the demand extending to commercial properties and land as companies are also moving in to buy properties as a way to protect their earnings and investments from inflation induced losses. Properties are widely regarded as an inflation hedge hence the decision by many companies to buy and hold.
Individual buyers are also seeing an opportunity to buy their dream homes in their dream and mature neighbourhoods with good services, roads and in proximity to their essential needs.
Right now, property buyers want three things essentially:
To own their dream home.
To protect their savings/funds from inflation.
To buy before prices go even higher.
This set of current buyers' needs can give you an amazing advantage – leverage – when you decide to sell. With also an uncertain regulatory environment, the demand is expected to remain strong as buyers likely want to secure a home before the situation changes.
What Does This Mean for You if You are Considering to Sell?
You might already realize this current situation enables you to sell at a good price and you will also be in a great position to get the best terms to suit your needs.
There’s a good chance you will get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.
And if you have questions at any point in the process, remember to consult with your professional real estate advisor/agent for help. They are the experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.
If you’re thinking of selling your home, knowing buyer demand in today’s market gives you a great opportunity to get the best terms and price when you sell your house. Connect with a real estate professional today to discuss how much leverage you have as a seller in today’s market.
