Thinking of selling your South Lake Tahoe real estate this summer? This really is a great time! Of course, you will want to align yourself with a qualified South Lake Tahoe realtor who can act as your advocate from start to finish. They also break down the process in a way that is not only easy to understand, but also prepares you for the market. There are always certain things that a seller will want to do to prepare their South Lake Tahoe real estate before it goes in the MLS. A South Lake Tahoe realtor is also the best person to tell you what a market comparable list price is. Listing according to market value is the best way to ensure that your home will not sit and “grow stale”. If you feel like summer is the season you want to list, check out these tips for why now is a great time to sell homes for sale in South Lake Tahoe!
The demand for homes for sale in South Lake Tahoe is strong. Demand for homes is strong across the majority of the U.S. but we currently have a 3.7 month supply which puts us in a seller’s market. This essentially means that demand is high and inventory is low. This is a great time for homeowners to list their homes for sale in South Lake Tahoe as sold prices have continued to go up, which means you stand to get a return on investment at resale.
The process is a little quicker due to the competitive nature of the market. Serious buyers are getting all their affairs and finances in order so that when they find their dream real estate in South Lake Tahoe, they can act fast. This is great for sellers as it means they are attracting serious buyers who are focused on purchasing South Lake Tahoe homes for sale.
Now is also a great time to move up if you can afford to. South Lake Tahoe homes for sale that are in a higher price category are actually in a buyer’s market. Tahoe Keys for example is over the 6 month supply. Which means that you can take advantage of lower mortgage rates and snag that dream home you thought was out of budget. Sellers are more motivated to negotiate when they are in a buyer’s market, but also prices for real estate in South Lake Tahoe are projected to increase over 5% in the next 12 months. Predictions aren’t scientific; however, it is best not to test it if you can’t afford that kind of increase.
If you want more information on selling real estate in South Lake Tahoe or interested in working with a qualified South Lake Tahoe realtor, feel free to give me a call. I would be happy to help guide you through the process!