We are solidly into 2021 now and the real estate market is booming, especially here in the Tennessee Valley! There are homebuyers flooding in not only from surrounding states, but as far as from the west coast and upper Northeast. The southern world of real estate is seeing a major influx of newcomers and there seems to be one underlying problem....there's not enough inventory to meet the need. In light of all this let Team Gatlin share some pointers on why NOW is a great time to list your home!
INTEREST RATES ARE LOW - #thisisawinforsellersandbuyers Why do low interest rates effect a seller? Well, for one thing, they make monthly mortgages more affordable! With this prospect in mind there are more people lining up to buy while the rates remain low. The bigger the crowd that shows interest in your home, the more chance there is that you will walk away with a good chunk of change at the end of the process!
THE SOUTH IS A HOT SPOT RIGHT NOW - #everyonewantstobesouthern According to CNBC "In 2020, Tennessee claimed the top spot for the most one-way U-Haul arrivals versus departures for the first time ever. Arrivals accounted for 50.6% of all one-way U-Haul traffic in Tennessee, according to U-Haul, a 12% increase over last year." This trend shows no signs of slowing. We have the advantage of living in literally the #1 spot for incoming real estate needs in the nation, there has never been a better time to list that home!
EXPECT A QUICK SALE AT A GREAT PRICE - #itwillbesnatchedrightup Currently in this market you can expect your home to sell fairly quickly for the asking price, possibly above, and more than likely you may receive multiple offers. "Due to low inventory and high demand our sellers are looking at a quicker turnaround than normal", states Team Gatlin Agent Vivian Fisher, “We have way more buyers than we have sellers at the moment, and it's getting harder to find houses to show them." If you list your house at a fair market value you are almost guaranteed that it will be snatched right up.
RECENT TIMES PROMOTING THE NEED FOR HOMES - #peoplewannastayhome Due to the recent pandemic more and more people are operating businesses and working from home. With this trend not likely to completely return to "normal" any time soon there has been a large onslaught of people wanting to buy homes to be more comfortable in. Overall real estate has seen the market flourishing under this new push for upgrades in housing. Keep this in mind as you weigh your options on whether or not to list.
To break it all down, the world of real estate is booming. Our biggest problem is not having enough inventory to match the need! If you are wanting top dollar for your home then give Team Gatlin a call today and let us get to work for you! Now is the time to LIST!!
Susan Gatlin (256) 424-5378