Fergus Falls | The #1 Reason to Sell Now Before Spring
Are you thinking about selling a home in Fergus Falls MN 56537? As a real estate agent, I want to be prepared to ensure that you are given the best selling experience with knowledge and expertise to guide you along the way. I continually stay abreast of the current market so I can advise you better.
Today I’d like to talk about the advantage for new sellers when the inventory is low — just like it is in Fergus Falls. (see Fergus Falls | If You’re Considering Selling, ACT NOW!!)
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Source…. KCM Charlie Brue blog
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