Selling Myths
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Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.
Spring has arrived, and that means more and more people are getting their homes ready to sell.
If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.
Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers.
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home.
The housing market has been going through shifts lately.
A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market.
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.