Are you thinking about selling your home? Here are two very simple numbers to look at that are saying it is a great time to sell:
Number of Active Homes on the Market (As of 5/16/2017): 3006
Number of Homes that are Currently Under Contract (As of 5/16/2017): 3056
This is insanity!!! Right now there are more homes under contract then there are homes for sale. To put that in perspective, the average number of days that a house is under contract is 30-45 days. 30 is the norm. That means that at least half of those homes have sold in the last 30 days (1564 have sold in the last 30 days to be exact). Buyers are out and they are hungry.
Here is why you should use a Realtor: right now people are selling their homes for sale by owner because they think they will save the realtor fees. I have repeatedly talked to for sale by owners in the $150,000 to $250,000 range in the last month whose house sold for more than $20,000 less than their neighbor who used a realtor. Here is some simple math:
Realtor fees: 6%-7%
Realtor fees on a $250,000 property: $15,000 to $17,500
If you had sold using a realtor that means that you would have made at least $2,500 more than you would selling by yourself. ($20,000 minus $17,500) That is not to mention the negotiation abilities in the sale and in the inspection negotiation, let alone the protection of having someone there to guide you through the many possible landmines that can show up in a real estate deal.
Get your house on the market. Use me! You can reach me at 515.639.0047 or RyanLynch@KW.com.
~Ryan Lynch
