Friday, November 4, 2022 / by Laura Larson
You're probably making plans and thinking about what you want to do before the end of the year, as you anticipate the winter season. Deciding when to make your move is a very important decision. Finding a home that better fits your lifestyle may be your first priority if the neighborhood or size of your existing residence no longer fulfills your demands. Is now a good time to sell your house, or should you wait given the recent shift in the housing market?
Here are three explanations that might help you with your decision, and help you start thinking why wait?!
1. Advance Yourself Above Other Sellers
In the residential real estate market, homeowners typically have a lower propensity to offer their properties near the end of the year. This is due to the fact that many become busy during the holidays and put off selling their home until the new year when their schedules and social plans have calmed down.
Selling now, as opposed to waiting until after the holidays like some other homeowners might, can make your house stand out. So that you can list your home and beat out the competition, begin the process with a real estate expert right now.
2. This Season, get in front of serious buyers.
The overall housing supply remains low even if it has increased this year as buyer demand has slowed. That indicates that there aren't enough houses available right now, especially as the millennial age enters its prime years for home purchases. According to First American's Chief Economist Mark Fleming:
“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”
This winter, serious buyers will still be seeking, and your home might be just what they need. You can reach eager buyers who are expecting to close on a deal before the year is out if you work with an agent to advertise your home right away.
3. Seize a Fantastic Opportunity to Advance
Remember that today's homeowners have equity levels that are record high. According to CoreLogic, each mortgage holder now has an average equity balance of close to $300,000. As a result, the equity you now have in your home may be used to pay for part or even the entire down payment on the house of your dreams.
Also, keep in mind why you're considering moving while weighing the pros and cons of selling before winter. Maybe it's time to purchase a home that is more convenient for you, offers the room you and your family have been yearning for, or just makes you feel at home. You may find out how much equity you have in your house and how to use it to move by consulting a reputable real estate advisor.
Don't put off your plans if you're considering selling your home in order to move into a place that better meets your needs. To achieve your objectives before winter, work with Laura Larson now!