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The #1 Reason to Sell Now Before Spring in Bergen County

The #1 Reason to Sell Now Before Spring in Bergen County

The Spring Market is always the busiest time in Bergen County Real Estate because we have and increase in both buyers and sellers.  It is commonplace to find packed open houses and often bidding wars.  This may sound like an attractive time to sell your home but it is not always the case.  More sellers equals more competition for the buyers.  Getting ahead of that competition can possibly lead to more money in your pocket.  To find out if this is the right course for you contact us at 201-446-8190. The Number 1 Reason to sell now before the Spring is inventory so keep this in mind when you think should I sell my Bergen County home.
The #1 Reason to Sell Now Before Spring | Simplifying The Market

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:

The #1 Reason to Sell Now Before Spring | Simplifying The Market

Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.

Bottom Line

Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.

Source: Gibbons Team KCM Blog

Curious About the Current Value of Your Home?  Find out instantly with our Home Valuation EstimatorFind the current value of your home right now with the Gibbons Team's home valuation tool | Gibbons Team Real Estate

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