If you’ve considered selling your home but were going to wait awhile until you had more equity or you felt there would be less competition, Tucson realtors want you to know that you really shouldn’t wait any longer. The current amount of competition on the real estate market is about as low as its going to be for some time, according to one TUcson realtor.
While there are a number of different reasons as to why homeowners thinking about selling should take action sooner rather than later, perhaps one of the reasons Tucson realtors say the market is about to become very competitive is because the number of homes on inventory is expected to drastically increase as more homeowners stop being upside down on their homes; they’ve been waiting for the housing market to recover to sell and with the improvements that have taken place lately in property values this is happening for a number of homeowners. Tucson realtors say that if you list your home right now the number of homes on inventory is still relatively low so competition for buyers isn’t as fierce. Another aspect that many sellers don’t consider is new construction homes. With the economy and housing market improving developers and construction companies are also started to build new homes; this adds in another type of competition that many homeowners don’t think about. Lastly, the number of distressed properties that are on hand is also at a record low for the past few years meaning that those looking to purchase investment properties or bargain homes are still looking for a good deal, but they’re having to look at the traditional real estate market to find what they want.
If you want to sell your home quickly and for the best price possible, Tucson realtors want you to know that now is the time to do so. If you should happen to wait even a few months, it could impact just how long your home sits on the market and how much it sells for. Don’t waste anymore of your valuable time; contact your Tucson realtor today.