Why Home Sellers Got A Once-In-A-Lifetime Opportunity This 2022

 

If you're thinking about selling your home in 2022, you're sitting on a once-in-a-lifetime opportunity. When selling something, you want to make sure there is a high demand for the item and a limited supply. When you're negotiating the transaction, this gives you the most power. Right now, home sellers are in that predicament. This is why.


Sellers have the maximum leverage

When there is high demand for an item and just a limited supply of it, the seller has the most bargaining power. There may never be a better time for homeowners who are considering selling than right now. You'll have power in all facets of the selling of your home while demand is high and inventory is low.

Today's buyers understand the importance of being flexible negotiators who submit competitive offers, so here are a few factors to consider when your home goes on the market: a competitive sales price, a flexible closing date, the possibility of a leaseback to give you more time to find a home, and minimal offer contingencies.


The demand is really high

According to the National Association of Realtors (NAR) latest Existing Home Sales Report, 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years.


The supply is quite limited

The months' supply of inventory just achieved the lowest amount in the century, according to the same NAR sales data. It says: “Total housing inventory at the end of December amounted to 910,000 units, down 18% from November and down 14.2% from one year ago (1.06 million). Unsold inventory sits at a 1.8-month supply at the present sales pace, down from 2.1 months in November and from 1.9 months in December 2020.” In reality, inventory drops in December every year. That's how the average seasonal real estate trend works. This December, on the other hand, was lower than any other December since 1999


If you're planning to sell your home this year, now is the best time to put it on the market. To learn more about putting your home on the market now, contact Vanna Siackhasone at 907-720-4663.



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