Orcas Island Real Estate MarketReal Estate May 24, 2022

WHAT 3 THINGS DO HOMEBUYERS WANT RIGHT NOW?

IF YOU’RE A HOMEOWNER IN THE SAN JUANS,
YOU HAVE INCREDIBLE LEVERAGE WHEN SELLING TODAY

 

In today’s HOUSING MARKET, homeowners in the San Juan Islands have an excellent opportunity to sell and receive the best terms for their unique situation. There’s still a limited number of island homes and vacant land for sale, continuing high competition among buyers and leaving buyers right now wanting three things:

  • THEY WANT TO BE THE WINNING BID ON THEIR DREAM HOME
  • THEY WANT TO BUY BEFORE MORTGAGE RATES RISE MORE
  • THEY WANT TO BUY BEFORE HOME PRICES GO EVEN HIGHER

These buyer needs give sellers an amazing advantage – also known as leverage – when they sell.

What Does This Mean for You as a Sellers Today?

You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.

And if you have questions at any point in the process, remember your trusted local real estate advisor team can help. We’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.

Bottom Line

If you’re thinking of selling in the San Juan Islands, know buyer demand in today’s market gives you a great opportunity to get the best terms and best price when you sell. Let’s connect today and discuss how much leverage you have as a seller in today’s market and your next move.