If you’re thinking about selling your home this spring, you’re in good company – but you may want to get a jump on things now. This guide explains why selling your home in spring 2022 maybe the best idea you’ve had in a while.
Why Spring 2022 is the Best Time to Sell Your Home in Boca Raton
Here’s the bottom line: the Boca Raton real estate market is flooded with buyers. People want homes, but there aren’t that many available. That means if you put your house on the market right now, there’s a good chance that a number of buyers will be competing to buy it.
So why is that good for you?
When buyers compete for homes, sellers win. Buyers want to outdo each other, which means they’re willing to pay more, make concessions (such as working around the closing date that sellers want) and sometimes even pay with cash.
Pro Tip: Cash transactions are often the holy grail for sellers. Sellers don’t have to worry that their buyers’ financing will fall through, wait for a lender to get around to setting a closing date, or relinquish control over the transaction. Although there’s no guarantee that someone will come along and offer you cash for your home, cash buyers are more abundant when there are few homes on the market.
Additionally, because of the inventory shortage, sellers have less competition right now than they ordinarily do. When the market is flooded with homes for sale, buyers can pick and choose; sometimes just one minor detail – like ugly kitchen cabinets – can cost a seller a sale. Buyers in a sparse market are more willing to overlook minor details (like those ugly kitchen cabinets) because they’re more concerned with simply finding a place to live in Boca Raton.
Related: Does your home look old to buyers? Find out now!
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Who Buys With Cash?
Sometimes people sell their homes and purchase another with the cash they earned in profits. Other times, investors are the ones who swoop in and pick up houses for cash; they want to fix them up and sell them at a higher price. Often, real estate agents see cash buyers at both ends of the price spectrum (and everywhere in between).
Related: Should you hire a dog shipper when you move?
How Quickly Could Your Home Sell if You Listed it Today?
There’s never any guarantee and how quickly a home will sell. However, judging by the number of buyers currently looking for homes (and the dearth of sellers listing them for sale) – and comparing today’s conditions to previous times that the market looked this way – there’s a good chance that your home will sell quickly.
Even better, when there’s a shortage of inventory, homes tend to sell for more money than they would if there were currently dozens of houses and condos for sale in Boca Raton.
Find out how much your home is worth right now.
Are You Selling a Home in Boca Raton?
Ready to sell your home quickly and at the right price? Find out how much your home is worth now!
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