2016 SELLER CONSIDERATIONS
The Buyer Pool Hypothesis
If only a couple of people express an interest in your home, are you likely to get your price? What if dozens of people show interest? Wouldn’t that likely to lead to a higher price?
Since there is presently a great deal of buyer interest and activity, aren’t you likely to sell for a great price now? What will happen if the number of interested buyers drops dramatically because of;
- Rapid mortgage interest rate increases
- Rising Taxes
- A critical event such as a war, natural disaster or terrorist attack
- Competition from new listings
- Political uncertainty
Is it possible that the present sellers market could once again quickly become a buyer’s market?
If it did, wouldn’t it make sense to take advantage of the existing window of opportunity and sell now?