There has NEVER been a better time to sell a house. According to the Austin Board of Realtors, Single Family homes in the Austin Metro area hit a median price of $475,000 in January 2022. That’s up $100,000 from January 2021. Our market has not seen this high of a hike in its history.
Realtor.com among others projects many first-time homebuyers will begin to enter the market now that ‘Work From Home’ has allotted some flexibility with location. So what does this mean for you, the seller? To put it simply, 2022 is projected to provide sellers with more net proceeds than ever before.
However, simply selling doesn’t mean you’ll achieve the most money for your home. The selling strategy to obtain multiple offers, at the highest price, has absolutely evolved. Social proof and time on the market are what determine success in our market. If this is not done right, you will have less net proceeds in your pocket.
Social proof is when buyers see others interested in the home, resulting in proof that the home is in demand. Experienced realtors will understand this concept and understand how to create this excitement. During your seller’s consultation, ask your realtor how he/she will create social proof for your property.
Give our team all call today to find out how we can help you! Or email Brendan directly, at [email protected]
Sources: CHRON, Keeping Current Matters