It’s true, spring is one of the busiest times for real estate. The Nashville real estate market is no exception. In the past few weeks, the number of Nashville homes for sale has certainly increased. However, there are still more home buyers than there are houses. What does that mean for Nashville homeowners interested in selling this season? Let’s look at what low inventory means for Nashville home sellers.
- Captive audience – With a large number of people looking to buy new Nashville homes this spring, there are A LOT of people waiting for new listings. This makes for a very interested and captive audience. Be sure to take advantage by having your home completely staged and ready to sell!
- Multiple offers – It’s entirely possible to have more than one offer on your Nashville home for sale. In fact, with accurate pricing and curb appeal you could find yourself right in the middle of a bidding war.
- Top dollar – Pricing a home to sell is tricky. Overpriced homes will wind up staying on the market for far too long and underpriced homes mean Nashville home sellers miss out on potential dollars. That’s why working with an experienced real estate agent is essential. Your REALTOR should know the Nashville real estate market and your neighborhood well enough to help you set the right price. Anxious home buyers will be ready to make strong offers, but no one wants to overpay!
- Bargaining – Nashville home sellers are finding themselves in the best position for bargaining. With low inventory, home buyers have to compete for the winning bid. This may mean Nashville home sellers have more wiggle room for closing dates, home inspection findings, and contingencies.
We’re not going to lie – it’s an incredible opportunity right now for Nashville home sellers. If you’re considering selling your Nashville home, call DeSelms Real Estate at 615.550.5565 and let one of our award winning agents answer your questions about the process!