What are you waiting for if you want to sell your home?
If you own a home in Lake County (or Southern Wisconsin) and you’ve been considering selling, now is the time to take action. The real estate market in the area has been steadily improving over the past several years, and current conditions make it an especially favorable time to sell. In this blog post, we’ll explore the top five reasons why now is a good time to sell and why Daina Jacobson is the realtor you should use to help you get the most out of your sale.
Reason #1: High Demand
One of the main reasons why now is a good time to sell your home is the high demand for housing in the area. As the population in Lake County continues to grow, so does the need for housing. According to data from the United States Census Bureau, the population of Lake County has increased by over 5% in the last five years alone. This means that there are more people looking for homes in the area and a limited supply of available housing options. This high demand can drive up the value of your home and lead to a quicker sale.
Reason #2: Low Inventory
As mentioned above, there is a limited supply of available housing options in Lake County, which means there is currently low inventory. This can be good news for sellers, as it means less competition and a higher likelihood of receiving multiple offers. Since June 22, there was an average month’s supply of less than one month. Anything less than six months is considered a seller’s market.
Reason #3: Rising Home Values
Home values in Lake County have been steadily increasing over the last several years, which is great news for sellers. According to data from Zillow, the median home value in Lake County increased by 6.9% over the last year, and is expected to continue to rise in the coming months. This means that you could potentially make a substantial profit on the sale of your home if you decide to sell now.
Reason #4: Low Interest Rates
Ok, rates are not as low as the last few years, but looking at the big picture they are still low. In 1981, the average interest rate on a 30-year fixed-rate mortgage was around 18.45%, which is the highest it has ever been. Many mortgage companies, including Prosperity Home Mortgage, are offering free or low cost refinancing when the rates drop (which they are already have started to do).
Reason #5: Seasonal Trends
Spring and summer are traditionally the busiest times of year for the real estate market, and this trend holds true here. In Illinois, home sales typically peak during the summer months, specifically in June and July. This is because many families with school-aged children prefer to move during the summer when school is out of session. Additionally, the warm weather and longer daylight hours make it easier for people to move and conduct home viewings. It is also a great time to spruce up your curb appeal and get some home maintence taken care of before list.
Selling a home is like a choreographed dance where every step counts towards a successful outcome. It requires a blend of various skills such as organization, home preparation, price strategizing, marketing, negotiating, and knowing all the dancers involved.
It is a stressful (and often an emotional process). Rely on my knowledge and skill to lead you towards the ultimate outcome….a fast sale at the best price possible. Reach out today!
Why Daina Jacobson is the Realtor to Use
If you’re thinking about selling your home, it’s important to choose a real estate agent who knows the area well and has a proven track record of success. With many years of experience in the industry, Daina has helped countless homeowners sell their homes quickly and for top dollar. She is known for her expertise in marketing, negotiating, and customer service, and is committed to providing her clients with the highest level of service possible. With Daina on your side, you can move confidently and know you’re getting the best possible outcome from your home sale.
