The Doorway To All Your Real Estate Needs
S&E_RC_WINNER_logo_2021_updated

Buy or Sell a Home with Real Estate Exchange

Sellers Have Exceptional Leverage in Today’s Market

November 3, 2021 | JoAnne Hamberg
Home > > Sellers Have Exceptional Leverage in Today’s Market

Sellers Have Exceptional Leverage in Today’s Market

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying:

“Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”

But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR:

“From one year ago, the inventory of unsold homes decreased 13%. . . .”

What Does This Mean for Sellers Today?

With buyers eager to purchase but so few homes available, sellers who list their houses this fall have a tremendous advantage – also known as leverage – when negotiating with buyers. That’s because, in today’s market, buyers want three things:

  • To be the winning bid on their dream home.
  • To buy before rates rise
  • To buy before prices go even higher.

Your Leverage Can Help You Negotiate Your Best Terms

These three buyer needs give homeowners a leg up when selling their house. You might already realize this leverage enables you to sell at a good price, but it also means you can negotiate the best terms to suit your needs.

And since buyer demand is still high, there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, look closely at the terms of each offer to find out which one has the best perks for you.

If you have questions about what’s best for your situation, your trusted real estate advisor can help. They have the expertise and are skilled negotiators in all stages of the sales process.

Bottom Line

Today’s buyers are motivated to purchase a home this year, and that’s great news if you’re thinking of selling. Let’s connect today to discuss how much leverage you have as a seller in today’s market.

If you’re a Massachusetts or New Hampshire resident and are in need of real estate advice, send our team a message today. We’d love to help you buy or sell a home! For a free home value report, visit realestateexchange123.com/home_value.

Don’t forget to enter our November client appreciation giveaway for a chance to win a Thanksgiving pie! Our Great Pie Giveaway will run from now until November 14th. To enter, simply click here!

The Real Estate Exchange, The Doorway to All Your Real Estate Needs

joanne-500x480-c-center
JoAnne Hamberg, Broker

Have a Question? Contact Us

Representing both buyers and sellers, we have helped broker the sale of all manner of homes including mobile homes and residential real estate. Let us know how we can help you.

The Law Office of
David R. Rocheford, Jr., P.C.

(978) 847-010
156 Hamilton Street, Leominster, MA 0145
www.thebestclosings.com

Visit Website

D&D Waste Removal

(978) 342-6893
72 Jackson Road, Fitchburg, MA 01420
www.danddwasteremoval.com

Visit Website

Twin City Fuel

978-627-4315
323 Princeton Road, Fitchburg, MA 01420
www.twincityfuel.com

Visit Website

City Line Paving

(978) 343-6256
39 Garland Street, Fitchburg, MA 01420
www.citylinepaving.com

Visit Website