Search
  • Yvonne Yang

Three Ways Low Inventory Is a Win for Sellers


The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):

“There is no shortage of hopeful, potential buyers, but inventory is historically low.”

When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house. Here are three ways low inventory can help you win if you’re ready to make a move this fall.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently entering into bidding wars for the houses they want to purchase. This buyer competition drives home prices up. As a seller, this can definitely work to your advantage, potentially netting you more for your house when you close the deal.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which drives an increase in the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains:

“In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity.”

This year-over-year growth in equity gives you the ability to put that money toward a down payment on your next home or to keep it as extra savings.

3. Better Terms

When we’re in a sellers’ market like we are today, you’re in the driver’s seat if you sell your house. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally move into their dream home.

So, is low housing inventory a big deal?

Yes, especially if you want to sell your house at the perfect time. Today’s market gives sellers immense negotiating power. However, it won’t last forever, especially as more sellers return to the housing market next year. If you’re considering selling your house, the best time to do so is now.

1 view0 comments
WHAT'S UP?
LAST EVENT
CONTACT

Coming Soon
1675 Tupolo Dr, San Jose, CA 95124

6129 Genoa Ter, Fremont, CA 94555
3652 Sorci Dr, San Jose, CA 95124
505 Minton Ln, Mountain View, CA 94041
41415 Millenium Ter, Fremont, CA 94538

1675 Tupulo Dr, San Jose, CA 95124

1535 Treviso Ave, San Jose, CA 95118
20288 Pinntage Pkwy, Cupertino, CA 95014

1821 Mandel Ct, San Jose, CA 95131
5387 Quebec Cmn, Fremont, CA 94555

Currently Pending

1514 Redmond Ave, San Jose, CA 95120

22943 Longdown Rd, Cupertino, CA 95014

600 S Abel St #525, Milpitas, CA 95035

5992 Treviso Ter, Fremont, CA 94555

1427 Kinsport Lane, San Jose, CA 95120

3812 Fiano Cmn, Fremont, CA 94555

694 Valley Way, Santa Clara, CA 95051

22551 Alcalde Rd, Cupertino, CA 95014
4735 McHenry Gate Way, Pleasanton, CA 94566

Currently Sold

600 S. Abel St, #525

Milpitas,CA 95035

167 S San Antonio Rd, Los Altos, CA 94022

Tel: (408) 674-4418
Calbre: 01371905

Email: yvonne@yvonneyanghomes.com

Currently Sold

22943 Longdown Rd

Cupertino, CA 95014

  • contact-me-icon-63
  • img_179745
  • w-facebook
  • White Instagram Icon
  • White LinkedIn Icon
  • White YouTube Icon

© Copyright 2021 Yvonne Yang, All Rights Reserved