Reasons To Sell This Summer
1. The Number of Homes on the Market Is Still Low While data from realtor.com shows the number of listings coming to market (known in the industry as new listings) has grown since the start of the year, housing supply is still firmly in sellers’ market territory. This means there are still more buyers in the market than there are homes available. That puts you in the driver’s seat. Purchasers are eagerly waiting for your house, so if you work with a real estate professional to price it correctly, it could sell quickly and get multiple strong offers this season. Just know that listing sooner rather than later can help your house stand out before more sellers add their homes to the market. 2. Your Equity Is Growing in Record Amounts Odeta Kushi, Deputy Chief Economist at First American , reports: “. . . homeowners in Q4 2021 had an average of $307,000 in equity – a historic high .” That much equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion (if not all) of the down payment on your next home. When you sell your house, you want to balance getting the most out of your sale with knowing you’re making a good investment on your next home. Here are a few reasons why you may want to make a move this summer and prioritize your homeownership goals sooner rather than later.
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