Are you thinking about selling your West Knoxville home this year?
At the start of every new year, people often make resolutions or plans for what they hope to accomplish in the new year. Oftentimes, it’s to lose weight. Or, put more money into savings. Or, maybe finally take a big trip. The start of a new year often inspires people to dream about what may happen in the new year.
If you’re dreaming of selling your West Knoxville home, 2020 is going to be another great year for the West Knoxville real estate market. If you’re like most sellers, you’re probably waiting to sell your home until the early spring, when the weather breaks.
The truth is, though, selling a home this winter may provide you with better results. In this post, we’ll share why you should sell your West Knoxville home this winter.
The simple truth is that: there are too many buyers and not enough homes. Buyers are fighting tooth and nail in certain price ranges over the great homes that hit the market. So, if you’re thinking about selling your West Knoxville home, take advantage of the great need for new homes to hit the market.
With interest rates expected to remain low, more and more buyers will be expected to hit the market to take advantage of the still-low interest rates. You should expect that it will continue to be a seller’s market with such a need for homes to hit the market.
A benefit of selling your home this winter is that inventory is even lower at this time. Oftentimes, sellers wait until the spring to list their home. So, during this time, there is a shortage of inventory. Take advantage of selling during the winter market where there are not as many homes on the market.
One of the largest reasons you should sell your West Knoxville this winter, is due to the fact that you should be able to get what you want. In a seller’s market during the winter, buyers are the ones vying for the great houses when they hit the market, as a seller you’re able to pick and choose what offers you want to work with.
When buyers are the ones fighting for your attention, you’re able to get what you’re looking for in an offer. You should be able to get the price you want with a simple clean offer that makes you happy. Take advantage of a seller’s market and sell your West Knoxville home this winter.
Finally, whether you’re moving to a large house or deciding to downsize, winter is an ideal time to buy another home.
The winter market is usually less competitive for buyers as well. Most buyers don’t want to deal with the cold snowy weather during their home search. Oftentimes, buyers will wait until spring when the weather is warmer. When you’re competing for homes in a seller’s market, it can help to have less competition. You’ll be less likely to get into a bidding war if there’s less competition.
In addition, you’ll also be able to take advantage of low-interest rates. This makes it an ideal time to buy another home. With interest rates remaining low, there has never been a better time to buy a home.
Are you thinking about selling your West Knoxville home this year? Please let us know if there is any way that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached by phone at 865-696-1888 or at [email protected].