Are you holding off on selling your house? Here are 5 reasons for you to consider selling your house right away in Charleston that you may want to consider.
Let’s face it, showings are a major pain in the neck. Being ready to showing your house to complete strangers, who may not even be qualified, at a moment’s notice is stressful. The traditional selling process involves frequent interruptions and the most convenient time for most buyers are during your downtime at home in the evenings and on weekends. An additional stress factor brought on by showings is the pressure of constantly maintaining your home. The fact that you could suddenly have buyers popping in who will see all of your personal belongings, means you can never really relax. In order to list the property, it needs to be in picture-perfect condition. From small fixes to home system repairs, such as an air conditioning unit or plumbing or larger, expensive structural foundation repairs or roof replacement. Unless your home is brand-new, you may also have to spend serious money and time to be ready. Avoiding the expenses and stress of preparing to list and have showings is one reason why you should consider selling your house right away in Charleston.
Avoid Listing Expenses
Repairs and updates are not the only expenses necessary when selling a Charleston area home when using the traditional method of listing it with a realtor. The extremely high commissions of real estate agents drives many homeowners to attempt the do-it-yourself path of listing their house. After time passes and they have made expensive mistakes renovating, marketing, prequalifying buyers and/or negotiating, they then turn to a realtor. Top Charleston agents demand a healthy marketing budget, they’ll want to control what is done to improve the condition of your home and are likely to include the costs of staging. Along with all of the other fees that may be tacked on, these sellers find themselves digging yet a deeper hole into the property, in order to sell it, with no guarantee of a sale. These commissions and other expenses involved with listing a home for sale are another reason why you should consider selling your house right away in Charleston.
Adding immense stress to the selling process when listed on the traditional real estate marketplace, is the unknown factor of correctly predicting when your home will actually sell and how much you will actually walk away with in the end after all of the costs involved. Especially if you’re under pressure to move due to financial difficulties, a change in employment, the need to care for an ailing loved one in another location, or to be able to look for another home and be ready to quickly buy or rent before someone else takes it when you find that perfect place. Having to pay the costs for two homes when forced to relocate is an important reason you should consider selling your house right away in Charleston. Many budgets are unable to carry such a load. Consider this when exploring the true cost of listing traditionally, either with an agent or on your own. And don’t forget to take into consideration the value of your time and health when you are able to bypass the traditional selling process and quickly sell your Charleston area home stress-free with only one showing to a professional home buyer.
Low Mortgage Rates
Changes are in the works to bank regulations which will likely cause an increase in mortgage rates in the future. Interest rates and inflation are cyclical and rates, which are at all time lows, cannot remain here forever. Additionally, the Fed, or the Federal Reserve, has been slowly cutting back on the mortgage backed securities that they are committed to purchasing as the year comes to an end. While they don’t set the rates directly, their actions and policies have an effect on mortgage rates. Acting before rates rise and buyers, with already strained credit which is getting worse to due the current economic situation, is a good reason to consider selling your house right away in Charleston qualified buyers become scarce and prices drop due to predicted over supply of houses for sale. Much of the Fed’s actions will be dependant on the outcome of the ability to quickly manufacture vaccines for the pandemic, the actual success that they have against COVID and the scary new strains of the virus that are popping up globally and the effect the vaccines have on the economy. There are also new banking capital requirements coming into effect, likely to cause rising rates as well.
Inventory is down
All good things must come to an end, and this is true for the current status of Charleston area inventory available to buyers. While millions of homeowners have come under the protection of the CDC order and have been able to hold onto their property, the likelihood of these homeowners overcoming their economic challenges is extremely uncertain. They will be responsible for timely mortgage payments moving forward, but most have been required to arrange to pay an additional repayment amount, for the unpaid months. As the new year begins, experts are predicting that the housing market will become flooded with homes that are now under mortgage forbearance, meaning that the supply and demand advantage available at the moment may soon slip through their fingers. It is also likely that not only will housing prices level off, but there is also an expectation of a drop in pricing as well as new strains of the virus are being discovered worldwide and countries are locking down their doors putting further economic pressures on citizens both nationally and globally. Oversupply, leading to lower prices, is a big reason why you should consider selling your house right away in Charleston
By selling directly to Charleston Home Buyers, you can eliminate all of these concerns and expenses! You’ll be ahead of the game with a guaranteed closing date in hand, usually within 30 days or less. Charleston Home Buyers buys your house exactly as it sits, with none of the demands of repairs, showings, or paying all of the commissions, fees, and marketing expenses that come along with listing a home. Ready to learn more about the reasons why you should consider selling your house in Charleston to Charleston Home Buyers right away? Send us a message or call Charleston Home Buyers at (843) 722-8937 now.