This is the best time to be a home seller!

In seller's markets, there are more buyers than available inventory. Because there are fewer homes for buyers to choose among, almost every home will sell. Typically, there is much less than six months of inventory in a seller's market. In extreme seller's markets, there is less than two months of inventory in reserve.

This is the best time to be a home seller!  Here are a few advantages to selling in a seller's market:

• Higher sales price
  The list-to-sales-price ratios are lower in seller's markets, meaning sellers command higher prices, sometimes over list.
• Concession refusals
  Sellers refuse to pay buyer's closing costs, and they often reject offers asking for seller-paid inspections.
• Contingent offers are rare
  Buyers find it easier to sell their homes and realize sellers will not agree to a contingent offer with 10 buyers in the wings.
• Buyers rarely request repairs
  Buyers still obtain home inspections but forego a request for repairs, accepting the property "as is."
• Sellers control the transaction
  It's common for sellers to negotiate shorter inspection periods and to demand buyers waive certain contingencies such as appraisal or loan contingencies.

If you are thinking about selling your home, give me a call to discuss your options.

Mike

Source: https://homebuying.about.com/od/marketfactstrends/qt/080307-timemrkt.htm