2 Things Sellers Need To Know This Spring
A lot has changed over the past year, and you might be wondering whatโs in store for the spring housing market. If youโre planning to sell your house this season, hereโs what real estate experts are saying you should keep in mind.
1. Houses That Are Priced Right Are Still Selling
Houses that areย updated and pricedย at their current market value are still selling. Jeff Tucker, Senior Economist atย Zillow,ย says:
โ. . . sellers who price and market their home competitively shouldnโt have a problem finding a buyer.โ
The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist atย realtor.com,ย explains:
โWith a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.โ
While this spring housing market is different than last yearโs, sellers with proper expectations who lean on a real estate expert for the best advice onย pricingย their house well are still finding success. And thatโs great news if youโre thinking aboutย selling.
2. Buyers Are Still Out There
As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty ofย reasonsย people are buying homes today. Lisa Sturtevant, Chief Economist atย Bright MLS,ย spells outย the mindset of todayโs buyers:
โFor some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall.ย For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.โ
Thatโs why, if youโre interested in selling your house this spring, itโs helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.
Are You Thinking About Selling Your House Soon?
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fallโฆor how much competition you may be facing in your market. Theย free eGuideย below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Simply fill out the form below to receive your copy of the eGuide, and feel free to get in touch if you have any questions.
Bottom Line
There are still clear opportunities for sellers this spring. If youโre wondering if itโs the right time to make a move, letโs connect today.
