Thinking about selling your house in Greenville? Procrastinating because you are unsure if it’s the right time? You may want to read about the following 5 reasons why you should consider selling your house right away in Greenville.
Avoid Showings
The showing process includes constant interruptions; the most favorable time for buyers is downtime at home in the evenings and on weekends. The added stress factor of the offers is the stress of maintaining your home consistently. The fact that you might suddenly have buyers means you really can’t relax. To list the property, it must be in picture-perfect condition. From small repairs to an expensive foundation or structural repairs or significant home system repairs, like a furnace or plumbing, you may also have to invest in getting it ready unless your home is brand new. Avoiding the expense and stress of preparing for listing and offers is one of the reasons you should consider selling your house right away in Greenville.
Avoid Listing Expenses
While it’s not the only expense to get a home on the market in the traditional method, the exceptionally high commissions from real estate agents push many homeowners to attempt the DIY route of listing their home. After time passes and they have made costly mistakes, they turn to a real estate agent. The best agents require a healthy marketing budget, want to control what improvements you are making to your home’s condition, and will likely include staging costs. Along with all the other fees that an agent may charge, these sellers find themselves digging a deeper hole in the property in order to sell it, with no guarantee of a sale. These commissions and other expenses related to listing a home are another reason why you should consider selling your house in Greenville right away.
Holding Costs
When your home will sell if you list it in the traditional real estate market, the unknown factor adds significantly to the stress. Especially if you are under pressure to move due to financial difficulties, a change of job, or the need to take care of a sick relative in another location. Paying the cost of two houses if conditions force a move is a big reason you should consider selling your house in Greenville right away. Many budgets cannot bear such a burden. Keep this in mind when investigating the real cost of a traditional listing, either with an agent or on your own.
Low Mortgage Rates
Changes in banking regulations are likely to cause an increase in the mortgage rate. Besides, the Fed, or the Federal Reserve, has been slowly cutting back mortgage-backed securities that they have pledged to buy as the year ends. While they don’t set rates directly, their actions and policies do affect mortgage rates. Acting before rates go up and buyers with already limited credit are getting scarce is an excellent reason to consider selling your house right away in Greenville. The Fed’s actions will strongly depend on the progress of a vaccine and the economic effects of the pandemic. New bank capital requirements are also coming into effect, likely to lead to higher rates as well.
Low Inventory
All good things must come to an end, which is true for the current inventory status 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 this year comes to an end, experts predict the housing market will become flooded with homes that are now under mortgage forbearance, meaning this advantage will 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 the new year begins. Oversupply, leading to lower costs, is a big reason why you should consider selling your house right away in Greenville
By selling directly to Pitt 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. Pitt 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 Greenville to Pitt Home Buyers right away? Send us a message or call Pitt Home Buyers at (252) 227-0274 now.