If you have been thinking of selling your South Lake Tahoe real estate this fall, you have come to the right spot. If you have been hesitant because you feel you missed the “spring and summer window”, trust me-you haven’t missed anything. In fact, there are a few great reasons why NOW is a good time to list your real estate in South Lake Tahoe.
You likely have heard that inventory is pretty low, and that isn’t wrong.
Buyer Demand Is HIGH
If you pay attention to the news, you probably have heard a lot of talk about how our inventory is SUPER low right now. Buyer demand remains very strong through a majority of the country. South Lake Tahoe real estate is no different. There are qualified buyers who want to purchase your home for sale in South Lake Tahoe. Take advantage of the current buyer activity on the market.
There Isn’t As Much Competition
And not for the same reason there usually isn’t this time of year. Previously, this time of year would see a bit of a slow down, making it a great time to list your home for sale in South Lake Tahoe. Now this statement stands more than ever. The housing inventory across the U.S. remains under the 6 month supply that is necessary for a balanced market. South Lake Tahoe real estate specifically has a 3.4 month supply. For a seller, this means you have less competition. With so many buyers looking to purchase, you stand to receive a pretty great offer so long as you price accordingly to the market. Now, if you are thinking of waiting a little longer to see what else you can reel in, don’t get too ahead of yourself. There are predictions we will see more inventory coming on the market within the next year or two. As real estate cannot be predicted, don’t wait to see what happens.
The Process Will Be Fast
Today’s competitive market has forced buyers to do everything to ensure they stand out from the pack in hopes of getting their offer picked. This means they are getting their finances in order, have picked a qualified South Lake Tahoe realtor, have qualified for a loan and are ready to go. This means they also know how much they can afford before the start shopping, which means they aren’t wasting any time. According to Ellie Mae, the amount of time it takes to close a loan has decreased over the course of the past 12 months.
Now Is A Great Time To Move Up
If you want to move up and buy luxury real estate in South Lake Tahoe, now is a great time! Mortgage rates are still hovering (key word) around historically low rates and prices are expected to go up another 5% over the course of the next year. If you were looking to upgrade, now is a great time. Of course, chatting about this market with your South Lake Tahoe realtor is key. They can provide specific insight as luxury real estate in South Lake Tahoe could be in a bit of a different market compared to lower priced homes. It depends on many variables.
If you are looking for a South Lake Tahoe realtor to help you navigate this market, I would be happy to help.
