submitted by Colleen Evanchik, Re/Max Royale
So the market remains HOT! HOT! HOT! But the dilemma is that if you are a Seller, can you find your new home? This is what many home Sellers are now facing. OH
The caveat of a strong seller’s market is that as a home seller, you may struggle to find a new home to buy. On the other hand, if you decide to wait for a more balanced market, you are less likely to see multiple offers and sale prices well above the asking price.
Currently, Buyers are sometimes putting in bids on several homes before one is accepted. Low morgage rates are helping fuel this housing frenzy. When will it all end? We do not know, so we may see this same scenario throughout 2021.
So Sellers – look around your home and make it ready to market; Buyers – keep plugging away! Put in the offers and sooner or later you will find your dream home!