6 Steps to Sell Your House in a Seller’s Market

Despite rising interest rates and a lack of inventory, new home sales are still going strong, and actually increased another 10% in May.

Historically low-interest rates, high buyer demand, and a low inventory of homes have converged to form a strong seller’s market.

According to a 2021 analysis of home buyer demand by Clever Real Estate, the percentage of houses on the market for less than two weeks was consistently higher than the numbers in 2019.

Moreover, a study from the National Association of Realtors revealed that the median existing-home price for all housing types in July was up 8.5% from July 2019.

How to Sell Your House in a Seller’s Market

Step 1: Find a Real Estate Agent

If you are already a home-selling pro who knows how to put your house on the market, then you might forego an agent and use a local MLS company to list your home for a flat fee.

However, if you’re like most home sellers and aren’t a real estate professional, then using an agent is highly recommended. A good local real estate agent helps clients navigate selling a house and deals with the details such as listing the home on the MLS, marketing the property, and negotiating closing costs for the seller.



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Step 2: Prep the Property

Once you have chosen the right agent, next, you’ll want to make sure your house is in the best shape possible. Buying a home is an emotional process, especially in a seller’s market when buyers have to make a split-second decision to beat the competition.

That’s why the first impression of the house could make or break the sale. If there are leaky faucets, chipped paint, or cracked tiles, buyers may pass on making an offer to fear what other unseen problems plague the property.

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