What Should Home Sellers Know About the Market?

Memphis Real Estate Podcast with Rita Driver

If you’ve felt like your home equity wasn’t quite where it should be, you probably won’t feel that way once you learn what’s happening in the market right now.

Selling your home? Get a free home valuation.

Buying a home? Search the local MLS.

If you’re considering selling your home, I’ve got some powerful points for you to consider.
Right now, our inventory is low, property equity is up, and if you’ve owned your home and are waiting to retrieve your equity so you can move into a smaller, larger, or different home, it’s a great time to accomplish that. Interest rates are still extremely low for buyers too.
In the last few years, many homeowners felt that the equity in their home wasn’t where it should be. We’re back to a stable enough point now and those equities are attainable. I’m actually having difficulty keeping properties on the market for more than one week at a time.

We’re seeing multiple offers and bidding wars.

In some cases, we’re experiencing multiple offers and bidding wars. We’ll get five or six offers in just two or three days. I just wanted you to be aware that if you’ve been thinking about it, right now is an absolutely fantastic time to sell your home and recoup that equity you felt would never come back.
If you have any questions for me or need any help buying or selling a home, give me a call or send me an email. I would love to hear from you soon.