Here are the top reasons to Sell Your Hurricane Damaged Home now in 2022. If any of these reasons resonate with you, contact us to navigate this market and sell your home.
1. The Demand for Homes is High
The number of buyers in the Twin Cities market outweighs the number of houses available. In order to have a balanced housing market in the Twin Cities metro area, there would need to be approximately 18,000 homes for sale.
2. Houses are Selling for High Prices
Homes were selling for high prices in 2021 and they’re only getting higher in 2022. In February 2022, the median home sales price was $371,539 – almost 12% higher than in February 2021!
3. Homes are Selling Quickly
When a seller accepts an offer for their house, a typical closing period takes 30-45 days to process the loan and complete the title work for the transaction.
4. Buyers are Waiving Inspections
In the past, buyers have been guided to elect a home inspection in order to validate the sale price and ensure the house does not have any unforeseen problems.
5. Home Appreciation
Homes have appreciated increasingly over the past two years, with an average of $17,000 in equity according to data from CoreLogic. Many homeowners are choosing to cash in on that equity and make a move to their dream homes.
6. You’re Ready to Upgrade to a Bigger, Better Home
Although prices are higher, you can use it to your advantage. If you’ve been in your home for a while and have saved enough for a downpayment on a new house, you could buy your new home before selling your old home. This is a huge advantage in this market and we’ve seen great success with our own clients.
7. Your Housing Needs Have Changed
Whether it’s working from home, getting engaged, or having a baby—everyone’s had big life changes since the pandemic started. Many people are spending more time at home than they ever have before and are starting to see their needs have changed.
8. You’re Ready for a New Location
Are you looking to be closer to family (or farther? We won’t ask questions.) Or maybe you’re living in the city and daydreaming about wide, open spaces. Either way, we can help make your move seamless.
9. Supply Chain
Many new construction developments and home builds have been delayed as supply chain issues were exacerbated by the COVID-19 pandemic. On top of the supply delays, material costs rose significantly, which means fewer people are going the route of building homes. An already low supply of homes means homes are selling as fast as they hit the market.
10. Should I Sell Your Hurricane Damaged Home Now or Wait Until 2023?
With interest rates rising, there’s no telling how long the high buyer demand will last in the Twin Cities housing market. What we know now is that there is a huge demand for homes, decreasing days on the market, and increasing prices–it’s a great time to take advantage of it and sell your house!
We buy houses anywhere in Cape Coral, Fort Myers, Lehigh Acres, Port Charlotte, Tampa, St Petersburg, Orlando, FL, and surrounding areas at any price without Agents Fees, Or Repairs To Make. Check out how our process works. We’re ready to give you a fair offer for your house. Call us today!
We’ve helped thousands of homeowners since we started in 2001!
We Buy Houses in FL– CALL (239) 558-1801