Thinking about selling your house?

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40% of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are three reasons to list your house now rather than waiting until the spring.

1. Buyers Are Looking Right Now, and They’re Ready To Purchase
The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking at homes at the current time.

The latest index reveals that buyers are still very active in the market. In comparing current numbers to previous years, the index is higher than last year and much higher than the three years prior to the pandemic (see graph above). There is no doubt that there’s an influx of buyers searching for your home.

2. Serious Buyers Are Shopping Right Now
Also, at this time of year, it is typically purchasers who are serious about buying a home that are out shopping. You and your loved ones won’t be inconvenienced by casual searchers. Freddie Mac addresses this in a recent blog:

“The buyers who are willing to house hunt in a winter market, when there are fewer options, are typically more serious. Plus, year-end bonuses and overtime payouts give people more purchasing power.”

3. There May Never Be a Better Time To Move-Up
If you’re moving into a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 5% over the next 12 months. That means it will cost you more (both in down payment and mortgage payment) if you wait. You can also lock in your 30-year housing expense with a mortgage rate in the low 3’s right now. If you’re thinking of selling in 2022, you may want to do it now instead of waiting, as mortgage rates are forecast to rise throughout the year.

If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s connect so you have expert advice on the best time to put your house on the market.

Curious about the new value of your home in the current market? Curious about how much equity you have in your home? Need help getting pre-approved? Call, text or email me!

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