A lot has changed in the real estate market in the last year, and we’re seeing it right here in local Lincoln, NE, real estate. Interest rates are changing, prices are changing, and homes that once sold easily are taking longer. But have no fear! There are still ways to sell your house fast in Lincoln!
#1. Home Prices Are On the Rise
While Lincoln is not seeing the big swings in prices that we’ve seen in other parts of the country, there has definitely been a price increase in the last year. The median home price in Lincoln, NE, in October 2022 is $268,500, which is 8.8% higher than at the same time last year.
If you’re in the market to buy a house, then this could be bad for you, but if you’re in the market to sell a home, then you have some room to work with the buyer on price.
Maybe you can drop the closing costs or beat out the competition by accepting a bid that would have been standard last year but is now low. No matter your property address, if you’re looking to sell your Lincoln house, then competing on price is definitely an option.
#2. Homes Are On the Market Longer Now
A year ago, the average Lincoln, NE, home was on the market for 11 days, but now that average has increased up to two weeks. Slower sales have a lot to do with higher prices (as mentioned above) as well as higher interest rates. But if you need a cash offer today, contact The Sierra Group, as we buy houses in Lincoln, Nebraska, and pay cash.
As we all know, a cash home buyer is one of the best kinds of home buyers that you can get for validation purposes. In many cases, you can have your home left unchanged and still sell it with a cash offer using our 7 Days Cash plan. Faster than the other guys, and with better results.
If you need cash now, you can’t afford to wait. Contact us today!
#3. Homes Are Selling Slightly Below List Price
While the stat is pretty close, Lincoln homes are selling at about 1% below the list price. This is down from last year when they were selling at 1-2% higher than the list price.
What this means is that buyers aren’t paying the premium for Lincoln houses that they once paid. So selling to a cash buyer is all the better. You don’t have to deal with the fees of a real estate agent and you can have a closing date that is right for you.
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