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Is it a good time to sell a home?

On Behalf of | Oct 1, 2020 | Real Estate Transactions

Working from home is more common than ever before. While there may be certain drawbacks, many people are finding there are many more benefits. One of the most popular benefits just might be the lack of commute. In fact, workers do not even need to live near the office anymore. This realization has heated up the real estate market in Delaware, and one might wonder whether it is the right time to sell a home.

During a recent time span of only 24 hours, 47 homes in a single county ended up under contract. The majority of those properties spent less than one week on the market. It is not uncommon for homes to go for above the asking price, although properties with asking prices from $250,000 to $350,000 seem the most likely to attract eager buyers.

More and more buyers are listing home offices on their wish lists for houses, and some are even hoping for two separate work spaces. It is not just office workers who are happy working from home, either. Many buyers over the age of 50 are looking for houses with master bedrooms on the first floor or extra suites so they can bring their aging parents to live with them.

It is not always easy to know when it is time to sell a home, but taking a good look at the market can help. When the Delaware real estate market is doing well, it might be a good time for homeowners who have been on the fence to make a definitive move forward. This is a big decision though, so some people may prefer to speak with an attorney who understands their unique needs as homeowners.