June 29th 2021

Thinking of selling your Shore home?  Don't wait any longer or you could miss the boat!  This is a historically great time to sell, but these market conditions won't last forever.  Market factors predict an increase in the number of homes for sale in the second half of 2021.  Why wait for more competition and prices to soften? 

Here are FOUR powerful reasons to list your Shore home now:

1.  The state moratorium on foreclosures is set to expire June 30.  This will undoubtedly lead to an increase in the number of Shore homes for sale, and buyers eager to get a good deal will flock to the newly listed foreclosures.  For sellers, this increase inventory means more competition among sellers.  

2.  Typically at the Shore, many homeowners like to sell in the Fall, after they've gained the income from summer rentals.  There will be a wave of new listings as the rental season dwindles, again increasing inventory and competition among sellers.

3.  Buyers are eager to take advantage of low interest rates, which is a major cause for the historic demand for Shore homes.  However, most industry experts expect interest rates to increase significantly by the end of 2021 and into 2022.  This will soften the demand, indirectly increase inventory and lead to more competition among sellers.

4.  Buyers are typically less motivated to buy in Fall and Winter months, as they have to carry the costs until they can either use it often or rent it during the season.  Most want to buy as close to Summer as possible so that they can immediately enjoy the Summer in their new Shore home.

Bottom Line
Don't wait to get your Shore home listed if you've been considering selling.  Put my 25 years experience to work for you and call or text 609-780-1434 today!

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