Better Seller Terms
When there is a seller’s market like there is today, it is much more like being in the driver’s seat when you choose to sell your home. The ball is in your court and you have the power to sell on your own terms because low inventory means less choices for buyers. Buyers are more likely to work with you if it means they can purchase a home in a market where they are hard to find.
Greater Investment Return
ROI is a major focus in real estate. As prices rise, homes gain value. CoreLogic quoted the nation’s equity growth at 9.49% and Denver at 8% from last year. Homes with Fannie Mae and Freddie Mac loans, saw an 11% gain. When coupled with the power of leverage, the average homeowner gained $71,326 last year on a $550,425 average home price between equity gain and principle reduction, assuming a 2.75% rate putting 10% down.*
Higher Prices
With buyer numbers high and seller numbers low, homebuyers are having to enter bidding wars for the houses they want. This competition drives up the price of your home – simple supply and demand! This is absolutely a seller advantage, and could potentially net you more for your house when you finally close the deal.
To see what your home is worth- contact me gayle@empirerealtyco.com!