Q: Should I sell my house now or should I wait?
A: Deciding to sell a home is a hard decision to make, especially as home prices rise, buyer demand lessens, and interest rates increase. The answer really depends on your MOTIVATION.
Historically, spring and summer are the best times to sell a house. That being said, there will always be buyers who want to buy, and sellers who want to sell. So, a real estate agent will always tell you to sell.
Today, buyer demand remains high due to low inventory. Bidding wars have eased a bit but still exist because of high buyer demand.
But what about those rising interest rates? When you sell your home, you’ll still need to purchase a home to move into, right? Well, as the saying goes: “Marry the house. Date the interest rate.” You can always refinance later when interest rates drop. If you wait too long, you may lose that house you have your eye on. By the way, current rates are still below the overall 40-year average of 8% to 9%.
Tips for selling your home
Make major repairs and de-clutter your home for better appeal inside and outside. Consider investing in home staging if your property will be vacant. This will help the buyer see how their new home could look!
Find a professional real estate agent who is an expert in the market area you are interested in. He or she will guide you through the entire process from pre-listing to post-closing. A true professional will see you through and be there for you long after closing.
With home shortages and high buyer demand, it is a great time to sell your home…IF…your motivation is high! Contact me for a free home evaluation if you are in the market to sell (or buy). I am happy to assist!