Whether you’re relocating, selling probate inherited property, or simply want a change of scenery it’s tempting to wait for the perfect time and market conditions to sell your house.
But if your property is in Collin County, the decision to finally pull the trigger and sell your Plano, TX house now could be the right move. Between the sky-high demand, projected growth, and expected appreciation in the coming years today could be just the time you’ve been looking for to start the selling process.
1. Hot market
It’s no secret that the housing market in Plano (and really, all of North Texas) is white hot and full of buyers looking to snap up property. In fact, Keller Williams Realty in Plano says that homes priced at $500,000 or less are selling in two weeks at the most.
Prices have also gone up by 11% between 2013 and 2014. If you decide to sell right now, there’s no question that you could get the most money for your home.
2. Low Housing Supply
As companies like Toyota, Liberty Mutual, and FedEx relocate to Plano, the local real estate market is trying to catch up to the demand for houses. A seller’s market is a housing inventory of under five months, and right now Plano has an inventory of about one month. That’s a fact that should open your eyes as to how tight the housing supply is in Plano right now.
Because of rising lumber, labor, and land costs, the construction industry is not keeping up with building new houses fast enough. This has created the perfect storm for you as a seller: with such a short supply, demand has driven up housing bids to be at least on par with the seller’s asking price.
But as time goes on and supply increases, it’s possible that this advantage that you have right now won’t last, which makes it a compelling reason to sell your Plano, TX house now instead of waiting.
3. Deferred Maintenance
Need another persuasive reason to sell? Deferred maintenance. Whether your single-family home, townhouse, condo, duplex, or apartment complex needs plumbing, flooring, roofing, or structural repairs, it’s usually a pain to sell.
But in this market, it’s possible that you’ll find a buyer that’s willing to take on whatever projects the property requires simply because demand is so high and supply is so low. If you haven’t been sure about how to sell a house with issues like these, it’s time to strike while the iron is hot.
There’s no question about it: Plano is a seller’s market. With the booming market, low supply, and eager buyers, now is the time to get the absolute best price for your property and close as quickly as possible. You’ll be sure to find several buyers that put in strong offers for your house.
Need a quick buyer for a Plano, TX home that needs multiple repairs, that’s being foreclosed on, or is inherited property? We buy properties in all of these situations and would love to give you a free, no obligation cash offer. Call us at 469-250-0018 or contact us online to start selling your Plano, TX house fast!