It’s safe to say that 2020 has been a rollercoaster, especially if you’re gearing up to sell your Goldsboro home. A global pandemic, economic downturn, and an uncertain future might seem like bad news for sellers, but our local market is actually seeing some surprising gains.
Not convinced? Here’s why you should still consider listing your house as soon as possible.
Sell Your Goldsboro Home Quickly and for Top Dollar
Conditions may not seem favorable for sellers right now, but the Goldsboro real estate market is actually heating up. Here’s how pent-up buyer demand, low supply, and even lower interest rates have tempted many homeowners into listing.
Buyers want homes
Stay-at-home orders and economic turmoil have caused many buyers to press pause on their real estate dreams. However, things are starting to look up here in Goldsboro! As North Carolina begins to reopen, more buyers are eager to finally make a move—and sellers can benefit from all this pent-up demand.
Low supply
Real estate, especially in Goldsboro, is all about supply and demand. And when there’s a sudden influx of buyers and limited inventory, home prices begin to go up. Currently, Goldsboro is a hot seller’s market—that means homes are selling fast and sometimes above list price.
Wondering how that benefits you as a seller? You’ll gain the upper hand in negotiations and can cash out on your hard-earned equity. However, if you want to make the most of this market shift, you’ll want to act fast. Housing prices have risen by 2.6% in Goldsboro this year, but they’re expected to drop by about the same amount before 2021!
Low interest rates
To combat the ongoing recession, the Federal Reserve has slashed interest rates to almost zero. To put that into perspective, interest rates were hovering around 4% at the end of 2019. But as of early July, they’ve dropped to an average of 3.2% for a 30-year fixed loan and 2.79% for a 15-year fixed loan.
Low interest rates can save buyers tens of thousands of dollars over the lifespan of their loan, so it’s easy to see why so many people are eager to make a move. And as a seller, you’ll have an easier time getting top dollar as more buyers begin to search for the perfect home.
Bottom Line: Now Is the Time to List
As home prices reach their peak in Goldsboro, now is an ideal time to list! If you want to attract an eager pool of motivated buyers and get top dollar for your home, just reach out to a top-rated local agent to get the ball rolling.
Take Your Next Steps
Stonedale Realty has all the tools you need to navigate the selling process from start to finish. When you partner with our team of real estate professionals, we’ll get your home sold in no time.
Get in touch with us via phone, text, or email to learn more about selling your home, or list today with just a few clicks!