Inventory Shortage Makes Now the Time to Sell

In the past year, you've likely spent more time than usual inside your house and you may have discovered it's time for a new home that is bigger or has a layout that will fit your family's needs.  You may need more space to set up areas for working from home and "classrooms" for your children as they tackle virtual schooling. You are not alone!

Homebuyers are starting 2021 buying houses in record numbers.  So many people are trying to purchase their new dream home that there are not enough houses on the market to keep up with the demand.  Some would-be buyers are taking to social media to ask for tips on homes that will be sold but aren't even listed yet.  What does that mean for you and your dreams of a new space for your family?  The truth is whether you are downsizing, upgrading, or moving to a new community, you need to talk to your real estate agent NOW!

What Are the Benefits to Selling Your Home Soon?

All business is based on the theory of supply and demand.  When there is an inventory shortage, sellers can expect to receive top dollar for their home.  You may not need to include as many updates to your home that would normally be necessary to draw peak attention to it.  Many home listings are receiving multiple bids in a short period of time, sometimes even offering over the listing price or cash offers.  It is essential to work with a knowledgeable real estate agent to guide you through choosing the best option for you and your family. 

Don’t Let COVID-19 Stop Your Plans of Selling Your Home

COVID-19 gave the real estate world a flavor of uncertainty as people were concerned about the safety of showing or visiting homes or possible financial constraints associated with employment risk. With more and more people being able to receive the new COVID-19 vaccine and a greater understanding of wearing masks and the protections they offer, new home buyers are feeling more comfortable attending showings and open houses.  While home sales may have slowed down initially, innovative marketing, low-interest rates, limited inventory, and motivated buyers are making now the time to get your home on the market!

Virtual Showings are a Hit

Websites like Zillow.com and Realestate.com have been a staple for real estate in recent years, but with health concerns and safety precautions related to COVID-19, sellers advanced from simple photographs to video walkthroughs with narrations of their homes.  Whether utilizing social media platforms like Facebook and Instagram, or footage linked to their websites, experienced and charismatic real estate agents walk potential buyers through each listing, introducing them to the neighborhoods, describing unique characteristics, and helping them visualize their future.  One of the most exciting aspects of buying a home is opening the front door to your potential new home and being able to walk into each room, open closets and cabinet, and imagining what your family portrait will look like on the living room wall.  Virtual showings can give the buyer this personal tour while maintaining safety and social distancing.

If you are asking yourself if now is the right time to sell your house, the answer is most likely yes!  Sandi McKolay and her team are ready to answer your questions, assist you in getting the best value purchase price for your home, and making the whole process as stress-free as possible. Give Sandi a call today at 734-416-3796 or send her an email at sandimckolay@cbpreferred.com.

Escape from the hustle and bustle of the city on Brighton real estate. The Island Lake Recreation Area is perfect for both some down time and for kicking it up a notch. Scenic trails wind through almost 4000 acres of space.

Mother Nature is truly showing off. A true resource of the land residents take advantage of beautiful lakeside areas. Hikers are in their element traversing through shady and sunny trails. Pathways mingle in length and difficulty  making it easy for all types of athletes to get back to nature. Bird watchers with binoculars in hand keep an eye out for elusive and familiar feathered friends. Bicycle paths appeal to bikers from all over the Brighton real estate region. Mountain bikers travel up hills and down while traditional cyclists pedal over smooth tracks. Teams of volleyball players are leaping and diving lakeside while soccer balls are kicked about on grassy open spaces. Close by canoes and kayaks ride the current on the Huron River. Rented canoes are available at Kent Beach for those who seeking adventure on the water but don’t have their own craft.

Swimmers Living in Brighton Dive into Fun

Activity is in full swing on any given day. During warmer weather swimmers dive into the lake for some splashing around. Blankets are spread at two sandy beaches, at Kent Lake and Spring Mill pond. Campers get the most out of their time at various campgrounds. Island Lake Rustic Cabins are cozy and quaint. Those that want to rough it can access the remote Island Lake Canoe Campground accessible only by kayak and canoe. When the snow starts to fall is when winter merriment begins. Cross Country skiing provides peaceful moments of contemplation. Snowmobilers living in Brighton have a blast on snow covered unpaved trails.

Year round events frequent the park thanks to the dedication of the Friends of Island Lake. Popular happenings in the mix include scheduled hikes, meetups and more. Groups band together in camaraderie for day hikes, overnight trips, canoeing, kayaking and yoga on the beach. Make some time for recreation. The Island Lake Recreation Area is waiting for you.

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.