Will My House Still Sell in Today’s Market?

Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, let’s connect so you have expert insights on how the market has shifted and how to plan accordingly for your sale.

What to expect for the 2022 real estate market

I know many buyers are “waiting out the market” hoping to see a crash. I wouldn’t hold your breath. This isn’t a replica of 2008. There isn’t a bubble. It is simply high buyer demand and low inventory. Rates are still low, however experts are showing a steady tick up. If you wait, you could end up paying more than if you buy now.

STATE OF THE NATIONAL REAL ESTATE MARKET

Because the real estate market is very dynamic, whether you are thinking about selling or buying, it’s more important than ever to work with an agent who understands the local market. Often, homes are sold where the seller may have netted a higher amount or there are buyers who lose out on a great home because their agent may not understand these market forces. Find an agent with knowledge and experience locally who can understand your unique needs.

Why Pricing Your House Right Is Essential

I’ve mentioned this before, you most definitely want the most money for your home. But keep in mind the current market and what buyers are willing to pay for a similar home to yours right now. I might want my home to sell for $500,000. But current market conditions tell me otherwise. Homes near me that are most like my home are selling between $320,000 to $360,000. If I still choose to list my home at $500,000, buyers will overlook my home, leaving it on the market longer. This often creates a stigma about my listing, making buyers think something is wrong with the home.

If you’re thinking about listing your house this fall, let’s discuss how to price it right so you can maximize your exposure and your return.

Where Are Home Values Headed Over the Next 12 Months?

Experts forecasting home prices to increase over the next 12 months. The average of the projections is a 3.8% increase. On a $300,000 home, this is an increase of $11,400 in just 12 months. This is why home ownership is a powerful investment. DM me for a free market analysis of your home to find out how much equity you have right now.

Home Equity Gives Sellers Options in Today’s Market

If you’ve been considering making a move – whether that’s to get into a bigger home or to downsize to a smaller one – it’s a great time to reach out to a real estate professional to learn how to put your equity to work for you. You may be in a position to pay that equity forward toward your next home purchase and afford it sooner rather than later.