If You’re a Clifton Homeowner, You Have Incredible Leverage When You Sell Today

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If You’re a Clifton Homeowner, You Have Incredible Leverage When You Sell Today

In Clifton's housing market today, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:

  • To be the winning bid on their dream home
  • To buy before mortgage rates rise more
  • To buy before home prices go even higher

These buyer needs give you an amazing advantage – also known as leverage – when you sell.

What Does This Mean for Sellers Today?

You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. In Clifton alone we have seen houses bringing in multiple offers well over list price. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.

And if you have questions at any point in the process, remember your trusted real estate advisor can help. They’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.

Bottom Line

If you’re thinking of selling your Clifton home, know buyer demand in today’s market gives you a great opportunity to get the best terms and price when you sell your house. Keep in mind the market is changing and you will start to see more houses in Clifton coming on the market soon, that is why the best thing for sellers is to act fast.

About The Source

JK Realty is Clifton's trusted source for all of your real estate needs and questions. Since 1989 we have been serving the community proudly and look forward to answering any questions you may have. 973-472-7000

Contact Joseph Siano today or follow me on social media for updates and to keep current. 

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