Over the past few years, the housing market has been on one wild ride. From record-low mortgage rates to record-high interest rate hikes, from history-making inventory shortages to skyrocketing home prices, it’s been a whirlwind decade so far.
This recent history can make it difficult to tell when the most opportune time to sell your home is. Some people think it’s nothing but a matter of luck when sellers get top dollar and a quick sale; others think they can follow a specific formula, pattern, or rhythm to have the ideal selling experience.
The answer is somewhere in between. Now could be an excellent time to put your home up for sale. Learn 3 reasons to sell your home now so that you can make a more informed decision.
Top 3 Reasons to Sell Your Home Now
If you have a flexible timeline and want to know whether you should make your move as a seller, there are 3 excellent reasons to go ahead with your plans now:
- Interest rates are expected to stabilize
- Many buyers are expected to return to the market
- Housing inventory is still low
In addition, these 3 conditions can further launch you into success as a seller if you choose to put your home on the market right now:
- You haven’t bought or refinanced in the last few years
- You’re comfortable waiting for the right buyer
- You’re not worried about affording or finding your next home
When your timeline to move isn’t flexible, deciding when to sell your home is easy. However, with flexibility comes the crucial decision of when to put that For Sale sign out front.
How the Housing Market is Changing
When interest rates are low, current homeowners don’t feel a strong need to stay in their homes. But when interest rates climb dramatically, most homeowners aren’t willing to give up their low mortgage rates to buy properties at higher, current interest rates.
Interest rates began rising in 2022, but industry analysts now see signs of rates leveling off, giving would-be sellers some breathing room. Buyers are also returning to the housing market since home prices are no longer skyrocketing. Mortgage rates are going down in many areas, further inviting buyers to go ahead and make a purchase.
Furthermore, many people had their home-buying plans curtailed by the pandemic when they were priced out of the market. Many of them are now ready to buy, which is great news for sellers. Housing price growth is also increasing, which is another reason now is a great time to sell your property with The Wall Group.
Get Started Selling Your Home Today
Now is a great time to put your home on the market, starting with a home valuation. Our team serves clients from Sweetwater to Houston to San Antonio to Dallas. There are more than 3 reasons to sell your home now, and we can guide you through every step of the way! Contact The Wall Team today.