Selling with Low Interest Rates in May 2021 on The Main Line is your ticket to getting the best price for your home. The increasingly high demand of home buyers due to one of the lowest interest rates in history is another great reason for a seller to sell this spring. If you’ve contemplated selling in the past, if you are just not happy with your current home, there hasn’t ever been a better time to list in The Main Line. We don’t know how long interest rates are going to remain this low and how long inventory is going to remain low. I would imagine that a lot of people have been putting off selling their home because of uncertainty related to a pandemic and market conditions, but as the world begins to open back up, and people start to feel more safe, you can imagine that the inventory levels should start to increase and buyers will have more to choose from. This means that right now we’re seeing multiple offers and bidding wars become dominant in this market. Buyers agents are using as many tactics as possible to sweeten deals for sellers. Showing time, which tracks the number of buyer showings on residential properties, recently reported that buyers showings are up 51.5%. And listen to what Daniil C. the Chief Analytics Officer of Showing Time quotes: “As anticipated, as demand for real estate remains elevated and continues to be affected by low levels of inventor. On average, each home is getting 50 percent or more requests this year compared to January of last year. As we head into the busy season, it’s likely we’ll push into even more extreme territory until supply starts catching up with demand.” So sellers there’s no time like the present, don’t let this high opportunity of high buyer demand pass you by, the balls in your court, you’ve got the selling advantage. I can’t wait to hear from you. My name is Kimmy Rolph and I represent sellers in Villanova, Gladwyne, Radnor, and Wayne PA and the surrounding areas and I would love to help you list your home. Be sure to look out for my other blogs similar to Selling with Low Interest Rates in May 2021 on our Facebook Page and take a look for more selling Spring 2021 tips on our YouTube channel, Kimmy Rolph Real Estate. Kimmy Rolph sells The Main Line and Local Areas.
