{"id":11405,"date":"2022-11-21T10:02:53","date_gmt":"2022-11-21T10:02:53","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/turning-owners-into-sellers\/---a385e163-0411-4e6c-aa3a-22a3a3959252"},"modified":"2022-11-21T10:03:22","modified_gmt":"2022-11-21T10:03:22","slug":"turning-owners-into-sellers","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/turning-owners-into-sellers\/","title":{"rendered":"Turning Owners Into Sellers"},"content":{"rendered":"

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Inventory shortages have plagued markets across the country, but a new survey suggests a turnaround may soon begin to break for frustrated buyers who can\u2019t find enough homes for sale<\/a>.<\/p>\n

Ten percent of homeowners say they plan to list their home for sale<\/a> this year, and more than a quarter\u201426%\u2014say they plan to list within the next three years, according to a new survey from realtor<\/a>.com\u00ae of 657 potential home sellers conducted during the week of March 29.<\/p>\n

The homeowners most likely to sell have homes valued below $350,000, which could help relieve inventory woes in a particularly tight price segment, the survey finds.<\/p>\n

\u201cIn a typical year, we see about 8% of the nation\u2019s homes hit the market, and we\u2019re expecting about 25% more this year,\u201d says George Ratiu, senior economist at realtor.com\u00ae. \u201cThis signals that many homeowners who were wary to list during the pandemic are getting ready to do so, and this much-needed inventory\u2014especially for starter homes\u2014will begin to relieve buyers\u2019 challenges in a very competitive market.\u201d<\/p>\n

Many homeowners remain hesitant to sell because they fear they won\u2019t find a new home within their price range, the survey shows. Homeowners also said they\u2019re not selling because they aren\u2019t sure where they want to move; the current economic climate; the logistics of buying and selling at the same time; and concerns about showing a home during the pandemic.<\/p>\n

The majority of homeowners who say they plan to sell in the next two to three years said that they would be more likely to list their home sooner if they knew they could buy and sell perfectly, according to the realtor.com\u00ae survey. Also, 37% of homeowners with plans to sell said that if they knew they could make a lot of money on their home sale<\/a>, that also would be a motivator to list sooner.<\/p>\n

\u201cWith home prices at historic highs, now is a great time to sell a home<\/a> and many first-time sellers might be surprised to learn how much equity they have,\u201d says Rachel Stults, deputy editor for realtor.com\u00ae. \u201cFor consumers who are worried about the stress and planning involved, there are a number of resources available to help with everything\u2014from perfectly timing buying and selling to removing the hassles of doing repairs and staging.\u201d<\/p>\n

Other factors that could prompt homeowners to sell sooner: having more affordable homes on the market (33%); not having to handle the logistics of buying and selling at the same time (29%); not having to prepare the home for sale (27%); and if the health risks from the COVID-19 pandemic were lower (24%).<\/p>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inventory shortages have plagued markets across the country, but a new survey suggests a turnaround may … Turning Owners Into Sellers<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":11406,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,62,12908,543,562,215,10,5254,3051,627,127,557,258,1007,41,818,479,15282,61],"class_list":["post-11405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-for-sale","tag-home","tag-home-buying-guide","tag-home-for-sale","tag-home-sale","tag-home-sell","tag-home-sellers","tag-homeowner","tag-homeowners","tag-homes","tag-homes-for-sale","tag-new-home","tag-owners","tag-property","tag-real","tag-realtor","tag-ross","tag-seller"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/2004_DN_ForSaleSign.jpg?fit=1200%2C580&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3962,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-sellers-are-pocketing-more-money\/","url_meta":{"origin":11405,"position":0},"title":"Home Sellers Are Pocketing More Money","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"Homeowners who sold in the first quarter realized an average price gain of $44,000 since purchase. That represents an average 24 percent of return on the purchase price, which is the highest average price gain for home sellers in terms of both dollars and percent returns since the third quarter\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9267,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-some-sellers-are-offering-concessions-to-push-sales\/","url_meta":{"origin":11405,"position":1},"title":"Why Some Sellers are Offering Concessions to Push Sales","author":"Amazing Property","date":"August 18, 2019","format":false,"excerpt":"\u00a0 Tighter housing markets caused a seller\u2019s market last year, with many sellers able to receive close-to-asking price for their homes. But we\u2019re now in a market where new home sales fell to a three-year low and inventory has surged. Sellers that are trying to compete with higher inventory levels\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"F120ed269b3b683231502cbd1880e0fe S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/08\/f120ed269b3b683231502cbd1880e0fe_S.jpg?fit=424%2C284&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6740,"url":"https:\/\/amazingproperty.com.ng\/blog\/selling-half-the-winning-real-estate-strategy\/","url_meta":{"origin":11405,"position":2},"title":"Selling: Half The Winning Real Estate Strategy","author":"Amazing Property","date":"October 23, 2017","format":false,"excerpt":"Let's zero in on the family home to reveal room for improvement in ways this investment can be put to work when owners are intent on living full, active lives. Traditionally, when the children were grown and gone, \"empty-nester\" homeowners\/sellers were faced with two options regarding the family home: Option\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"67161833426412cd4360bd09267abc48 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/67161833426412cd4360bd09267abc48_S.jpg?fit=424%2C276&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2748,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-dont-want-cookie-cutter-lawns\/","url_meta":{"origin":11405,"position":3},"title":"Homeowners Don\u2019t Want Cookie-Cutter Lawns","author":"Amazing Property","date":"March 30, 2017","format":false,"excerpt":"Homeowners today are focused on making changes to their front yards so they're markedly different from their neighbors' yards and easier to maintain, finds the 2017 U.S. Houzz Landscaping Trends Survey. 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Yes, it happens, even in a strong seller's market. Homes fail to sell or take far too long to receive offers. Recently, in the N. Virginia market in just one month approximately 600 homes listed for sale expired or were withdrawn from the\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Dont Strain Its A Sellers Market.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/Dont%20strain%20its%20a%20sellers%20market.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/Dont%20strain%20its%20a%20sellers%20market.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/Dont%20strain%20its%20a%20sellers%20market.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/Dont%20strain%20its%20a%20sellers%20market.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/Dont%20strain%20its%20a%20sellers%20market.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/11405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=11405"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/11405\/revisions"}],"predecessor-version":[{"id":64951,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/11405\/revisions\/64951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/11406"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=11405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=11405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=11405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}