A recent listing of ours proves that now is the time to sell your home.
What’s happening in our real estate market? Today we’re sharing one of our recent transactions that illustrates where our market currently stands.
About a month ago, we listed a home in Sugar House for $900,000. We did all our marketing and had an open house on Saturday and Sunday. That weekend, we already had multiple offers on the property. We told all the potential buyers to have everything in by Monday at 5 p.m. After reviewing everything with our seller, we accepted an offer for $915,000.
So this was a wonderful success story, right? Unfortunately, anything can happen in this market, and the buyer canceled their contract two weeks into the process. This was extremely stressful for our sellers, but we got everything ready and put the home back on the market for $900,000 again. That’s where things got interesting.
"We don’t know what the future holds, but you can get a fantastic deal for your home right now."
Even though we listed the home at the same price as before, the bidding war was even more intense. This time, we accepted a contract for $980,000. This was an excellent situation for our client, and it speaks to how crazy our current market truly is.
If you are thinking about selling your home, now might be the time. We’ve heard from many clients that they want to wait until the summer or fall to move, but we can’t recommend it. We don’t know what the future holds, but you can get a fantastic deal for your home right now. With interest rates rising, some buyers may be priced out of the market soon. That means there will be fewer buyers driving up the price of your house.
Reach out to us via phone or email if you’re ready to get top dollar for your home or have any questions. We are always willing to help!