After years of high employment and businesses feeling a strain from the economy, the nation’s unemployment rate fell to 8.6 percent in November. This comes in at a two and a half year low, showing evidence the nation’s economy may be heading in the right direction.  So what does this mean for the real estate market or selling your house fast?

When talking about nationwide home sales and home prices, factors beyond most seller’s control will dictate what a home will sell for. Similar to the stock market, these factors fluctuate based on businesses hiring and firing or how consumers fear or feel about the economy.  

When potential home buyers are looking at homes and debating whether or not to buy, hearing of reports about layoffs and high unemployment will cause them to feel uneasy about buying a home. When a qualified buyer hears a report that the economy is moving in a positive direction and businesses are hiring, this reinforces to them that buying a house is a smart decision. Because of this, buyers tend to buy your house faster and typically for more money when the economy is improving.

As a seller, what can you do now? Even with this good news, doing anything other then being aggressive and offering incentives to sell your house will only hurt your chances of finding a buyer in this economy. A report like this does not mean buyers will come flocking, but history shows us that buyers will feel more confident in making a decision.

In conclusion, if you haven’t started already, get your house in front of as many potential buyers as possible in the next few months. Positive reports like this only come out every so often and understanding the impact is very important. Be aware that buyers purchase based on how they feel, so reassuring them with positive news like this only helps your chances of selling your house fast.