Are you thinking of selling your Westlake home this spring? If so, we have some helpful tips related to the current market! With the spring housing market heating up and the inventory of homes for sale at an all-time low, now is the perfect time to consider selling your home. In this blog post, we’ll discuss the advantages of selling your home in the current market, as well as tips to help you get the best possible outcome. So if you’re thinking of selling your Westlake home this spring, keep reading to learn more!
But There’s Not a Lot of Inventory
The spring housing market is usually a bustling time of year in Ventura County, with a lot of homes coming onto the market. This year, however, there is an extreme lack of inventory in the area.
The amount of active listings is down to a low not seen since 2013. This low inventory is creating a unique situation for buyers. While inventory is low, competition has decreased from the past year due to the rise in interest rates – somewhat leveling the playing field. Spring buyers are being allowed the grace of time to “sleep” on decisions that may not have been possible in the past. Those looking to sell their home in Ventura County this spring should be excited about the lack of inventory. Buyers are still actively looking and hoping to find homes to purchase, they simply aren’t out there right now! Most homes in the area are selling quite quickly due to the continued lack of inventory. It’s an uncertain time for real estate in Ventura County. But understanding current market conditions can help buyers and sellers alike take advantage of these unique opportunities they have available to them.
Price Your Home Right
When it comes to putting your home on the market, pricing it correctly is essential for a successful sale. With the current real estate market being in such short supply, you want to ensure that your property is priced competitively. By pricing your home right, you will not only be able to sell quickly but you might even enter into a bidding war. A bidding war occurs when multiple potential buyers are interested in the same property, resulting in a higher price and a quicker sale. To maximize your chances of this happening, it’s important to work with an experienced real estate agent who can help you determine the right price for your home.
Your agent will also be able to provide you with helpful market insights and advice regarding your asking price. They can take into account Ventura County’s local housing trends, comparable properties, and any other factors that could affect the value of your home. It’s also important to consider the timing of when you plan to list your home. If you wait until peak season (typically spring), you may find that more buyers are competing over your property, which could increase the sale price.
Having an accurate home valuation will also be key in setting the right price. A professional appraiser can examine all relevant factors about your home and provide you with an informed evaluation. Their insight will be invaluable in helping you decide on a price that will attract potential buyers.
By taking the time to price your home correctly, you can increase your chances of selling quickly and for the best possible price. Work with a trusted real estate agent and get an accurate home appraisal to ensure that you get the best outcome from selling your property.
