2 Things Sellers Need To Know This Spring
A lot has changed over the past year, and you might be wondering whatâs in store for the spring housing market. If youâre planning to sell your house this season, hereâs what real estate experts are saying you should keep in mind.
1. Houses That Are Priced Right Are Still Selling
Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:
â. . . sellers who price and market their home competitively shouldnât have a problem finding a buyer.â
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 at realtor.com, explains:
âWith 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.â
While this spring housing market is different than last yearâs, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And thatâs great news if youâre thinking about 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 of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLS, spells out the mindset of todayâs buyers:
âFor some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. 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.â
Thatâs why, if youâre interested in selling your house this spring, itâs 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 fallâŚor how much competition you may be facing in your market. The free eGuide 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 youâre wondering if itâs the right time to make a move, letâs connect today.
