5 Reasons to Sell Your House Now

Debbie Nelson


When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move.  If you're waiting for the best time to win as a seller, the market is calling your name NOW.  Here are five reasons why this is the perfect time to sell your home IF you are ready.

1.  Summit County Properties are in High Demand!!

We keep saying it, but the urban exodus is real.  For Summit County, it means that people are living where they play!  COVID changed the way we work and employers and employees are realizing that there is less need to be in the office.  So those who always dreamed of living in the mountains are finding that their work is allowing that to become a reality.  According to Showing Time, the program that most Summit County realtors use to set up showings for their listings, showings are up 41.7% over the previous 12 months.  

2. There aren't enough houses for sale.

Yes, we are running out of available properties for sale.  As I write this, there are currently only 132 total residential properties on the market in all of Summit County.  Let's break that down a bit further.  There are currently 15 non-deed restricted Single Family homes on the market under $2,000,000.  Only 1 of those is under $1,000,000.  For all types of residential property (single family, condo, townhome, and duplex) we have less than 2 weeks worth of inventory.

It's the imbalance between high buyer demand and a low supply of houses for sale that gives sellers such an advantage.  A seller will always negotiate the best deal when demand is high and supply is low.  That's exactly what is happening in the real estate market today.

3. You have a lot of leverage in today's market.

As you can see, there are more people who want to buy than those selling which is creating a huge seller's market.  When this happens, homeowners in a position to sell have the upper hand in negotiations.

4.  It's a great way to use your home equity.

Equity is a type of forced savings that grows during your time as a homeowner and can be put toward bigger goals like buying your next dream home.

Mark Fleming, Chief Economist at First American states:

As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home - the wealth effect of rising equity.  In today's housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.

5. It's a chance to find a home that meets your needs.

COVID has changed so much for us.  Many of us are now working out of our homes.  Does your current living situation work for you?  Do you need more space?  Whether it's a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym, or anything else, NOW is the time to start looking for the home of your dreams.



We cherish the relationships we make in helping our clients realize their goals. Whether buying or selling a home your best interest is our top priority.

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