{"id":18055,"date":"2020-11-10T13:07:22","date_gmt":"2020-11-10T13:07:22","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18055"},"modified":"2020-11-10T13:07:22","modified_gmt":"2020-11-10T13:07:22","slug":"sellers-stand-to-gain-more-equity-this-winter","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/sellers-stand-to-gain-more-equity-this-winter\/","title":{"rendered":"Sellers Stand to Gain More Equity This Winter"},"content":{"rendered":"

Sellers Stand to Gain More Equity This Winter<\/h1>\n
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With low housing inventories and high buyer demand, home sellers are expected to continue to command higher home prices this winter\u2014an unseasonable trend in the housing market.<\/p>\n

\u201cSellers will have the ball in their court, so to speak, as there are more buyers than sellers,\u201d says Danielle Hale, realtor.com\u00ae\u2019s chief economist. \u201cThis means seller-friendly trends like rising home prices and quick-selling homes.\u201d<\/p>\n

In September, home inventory was 39% lower compared to a year ago. But buyers are out in force trying to lock in record-low mortgage rates to help them save on financing costs. Seventy-one percent of homes sold in September were on the market for less than a month, according to NAR data<\/a>. Properties typically stayed on the market for just 21 days in September\u2014an all-time low. That is down from 32 days a year ago. The median existing-home price for all housing types sold in September was $311,800, a 14.8% increase compared to a year ago.<\/p>\n

Indeed, home prices are on the rise. The national median home listing price climbed 11.1% in September compared to a year ago. It\u2019s now at $350,000. Price per square foot has increased 13.9%, realtor.com\u00ae data shows.<\/p>\n

\u201cPrices are high,\u201d Simon Isaacs, broker-owner of Simon Isaacs Real Estate in Palm Beach, Fla., told realtor.com\u00ae. \u201cPeople are getting what they\u2019re asking.\u201d<\/p>\n

Move-in-ready homes tend to be most in demand, real estate professionals say. Homes that don\u2019t require repairs, as well as homes that show off in-demand amenities\u2014such as\u00a0extra space, outdoor areas, privacy, and rooms that can double as home offices or learning areas\u2014likely will sell the fastest, real estate pros say. Homes for sale that offer virtual tours, which buyers can peruse from the safety of their own homes, have also grown in appeal during the pandemic.<\/p>\n

Home sellers need to be ready for possible multiple offers for their home. Real estate pros are suggesting to their sellers that they don\u2019t rush to accept offers too quickly. Sellers usually have 24 to 48 hours to accept an offer.<\/p>\n

\u201cLiterally eight hours of sleep could net you an extra $30,000,\u201d Matt Curtis, owner of Matt Curtis Real Estate in Huntsville, Ala., told realtor.com\u00ae.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cWow! How Home Sellers Can Make a Bundle in the \u2018Best\u2019 Winter Sales Season in Years<\/a>,\u201d realtor.com\u00ae (Nov. 4, 2020)\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sellers Stand to Gain More Equity This Winter With low housing inventories and high buyer demand, home sellers are expected to continue to command higher home prices this winter\u2014an unseasonable trend in the housing market. \u201cSellers will have the ball in their court, so to speak, as there are more buyers than sellers,\u201d says Danielle … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18055","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nSellers Stand to Gain More Equity This Winter - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/sellers-stand-to-gain-more-equity-this-winter\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/sellers-stand-to-gain-more-equity-this-winter\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/sellers-stand-to-gain-more-equity-this-winter\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Sellers Stand to Gain More Equity This Winter\",\"datePublished\":\"2020-11-10T13:07:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/sellers-stand-to-gain-more-equity-this-winter\\\/\"},\"wordCount\":404,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/sellers-stand-to-gain-more-equity-this-winter\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/sellers-stand-to-gain-more-equity-this-winter\\\/\",\"name\":\"Sellers Stand to Gain More Equity This Winter - 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