5 Reasons To Highly Consider Selling Your Home in Dallas Right Now!

Are you worried about putting your house up for sale right now? It makes sense that you might be. The coronavirus pandemic has thrown the world into a tailspin. The economy has been upended. It would seem logical that the housing market would take a hit. However, you might be surprised to learn that demand is actually quite high. Keep reading to discover five reasons to consider selling your home in Dallas right now.

1. Demand Is Higher Than Ever

The beginning of the pandemic marked a very uncertain time in real estate. There were lockdowns and people weren’t sure what to expect with the virus. Now that everyone is beginning to settle into a new normal, they’re seeking to make some lifestyle changes. There’s a shift to the suburbs, rural areas, and smaller cities as people seek to escape the crowded metropolitan areas. Folks are valuing their home space and looking to settle down. That means demand is on the rise. Real estate companies in Dallas are urging sellers to take advantage of this period.

2. Home Supply Is Low

Though demand has risen, the available homes for sale have remained relatively consistent. Even before the pandemic hit, the supply was rather low. There are several reasons for this issue. People are simply staying in their homes longer these days, so there’s less turnover. Also, government stimulus supports have led to there being fewer distressed properties for sale. You can capitalize on this trend by listing your home now.

3. Prices Are Up

Because of the high demand, this period in history has definitely become a seller’s market. Home prices are on the increase, so you’re more likely to see a sizable return if you sell now. Asking prices are higher at the moment than they were just before the pandemic hit.

4. Interest Rates Are Low

This truly is an opportune time for selling a home. In addition to demand being in your favor, mortgage interest rates are at a record low. That factor is giving home buyers an added incentive to make a move, as they now have the potential to save thousands on the life of a home loan.

5. The Economy Is Rebounding

Unemployment rates are falling since the beginning of the pandemic. People are beginning to feel more confident in their spending as they settle into jobs and things seem more certain. The disruptions they’ve experienced have caused the general population to truly reconsider what matters most in life. Where they live has come to the forefront for many, and they’re ready to invest in a home that suits their lifestyle.

Hopefully, you feel more confident about selling your home after reading this article. Keep these points in mind as you move forward.