Why it's a Good Time to Sell Your Home this Summer?

Dated: May 2 2022

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Why it's a Good Time to Sell Your Home this Summer?

Here are five convincing reasons why selling your home this summer is a good idea.

 

1. Demand Is Strong

 

The latest Buyer Traffic Index from the National Association of Realtors (NAR) demonstrates that buyer demand is still robust across the country. These buyers are ready, willing, and able to buy... and are currently looking! Multiple purchasers are frequently bidding against each other for the same house.

 

Profit from the current buying activity in the market.

 

2. There is Currently Less Competition

 

Housing inventory remains below the 6-month supply required in a normal market. This means that in most parts of the country, there aren't enough homes for sale to meet demand.

 

Historically, the average number of years a homeowner spent in their home was six, but since 2011, that number has been hovering between nine and ten years. Many homeowners have a lingering urge to relocate after being unable to sell in recent years due to negative equity. As property values rise, more and more homeowners are given the opportunity to relocate.

 

Many homeowners have been hesitant to list their homes in recent years for fear of not being able to locate a suitable replacement. That's all changing now, as more high-end properties hit the market. The number of options available to buyers will continue to grow. Don't wait for more inventory to come on the market before deciding to sell.

 

3. The Procedure Will Be Easier

 

In today's competitive market, buyers must do everything they can to stand out, including getting pre-approved for their mortgage finance. Before going house hunting, buyers know exactly how much they can spend. This speeds up and simplifies the entire selling process. The time it takes to finalize a loan has decreased to 43 days, according to Ellie Mae's newest Origination Insights Report. (Last available numbers.)

 

4. There has never been a better time to advance your career.

 

If you plan to move into a premium or luxury house in the near future, now is the time to do it! A buyer's market has developed due to the abundance of homes for sale in these higher price brackets. This means that if you want to sell a starting or trade-up home, it will sell fast and you will be able to find a premium property to call your own.

 

Prices are expected to rise by 4.8 percent over the next year, according to CoreLogic. If you wait to buy a higher-priced home, it will cost you more in terms of raw money (both down payment and mortgage payment).

 

5. It's Time to Get Back to Living Your Life

 

Examine why you opted to sell in the first place and evaluate whether it is worthwhile to wait. Is being with family more essential than having money? Is having the freedom to live your life as you see fit more important than having money?

 

The answers to these questions are only known to you. By putting your house on the market, you can gain control of the issue. Maybe it's time for you and your family to start living the life you've always wanted.

 

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Bill Bexley

We understand that buying or selling real estate is more than just a transaction: it's a life-changing experience. That’s why our team of highly-seasoned real estate professionals are dedicated to p....

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