What a hot market means for buyers and sellers

As we've mentioned here before and as you've heard it on the news and social media, a big driver of the crazy real estate market we are in is the lack of inventory. 

But some of you may be wondering how this could affect you...

If you own a home and are thinking of selling, there could not be a better time. Your home will stand out as there is very little competition; by far not enough to satisfy the demand.

Despite the heat of the market, strategy is still EVERYTHING! Wonder why some properties still linger even in these conditions?

It's only those properties where price reflects value, that bring one or several buyers to go above asking price (sometimes by significant amounts) to make sure they secure them.

Strategy is our team's specialty.

Here's the road map to outstanding results in today's market:

  1. Pricing your property AT market value and in alignment with your property's condition (not above and certainly not below), is sure to catch multiple buyers' attention and bring results.

  2. Presenting your property at its best still counts. Make people dream and they will respond in high numbers.

  3. ⁣Be preemptively transparent about your property's condition. Divulge everything there is to know upfront to make sure the offers you receive are rock solid.

  4. Make sure you have an expert ally on your side to help you select the best possible offer, one that will yield no surprises, provide the most convenience and present the best conditions.

If you are looking to buy:

  1. Time is of the essence when inventory is low.

    Do everything you can NOW (gather down payment funds, get a written pre-approval, have your home ready to sell) so when you find the right property you can act, and act without delay.⁣

  2. Keep your offer as "clean" as possible. As per the section above, sellers are looking for the most solid, convenient and streamlined offers which present the least risk.

  3. Arm yourself with patience! Do not despair and stay in the game — the right property will come along at just the right time.

  4. Make sure you have an expert ally on your side to help you craft the best possible offer, one that will increase your chances of securing the property you are looking for under the best conditions while keeping you secure.

If you have been considering the possibility of selling your property, don't put it off any longer. Get in touch with a broker who can help you assess the changing market conditions and let you know what you can expect to sell your home for — chances are you'll be pleasantly surprised!⁣

By Ana Duque