It’s a great time to be a home seller in this white-hot housing market. Bidding wars and offers over asking are becoming the norm in many parts of the country. Move-in-ready homes can sell in hours. And buyers are so desperate to secure a property of their own that they are waiving all kinds of standard contingencies.
This means that home sellers are expecting to cash in big time. Nearly all homeowners seriously thinking about putting their properties up for sale expect to sell their homes for a profit, according to a recent realtor.com® survey. More than 650 potential home sellers participated in the survey between March 26 and April 7.
“The big takeaway is that sellers are fully aware of the competitive housing market,” says George Ratiu, realtor.com’s senior economist. “The majority of the homeowners expect to get more than they paid for their homes. And many of these sellers did not buy their homes long ago.”
Read the Original Article Here: How Much Do Sellers Expect Their Homes To Fetch? Hint: It’s More Than List Price