Are you still considering selling your house in 2022 but have some reservations? There is no doubt that there has been a shift in the market, so what will that mean if you list your house this year?
What Can You Expect From the Market in Late 2022?
In the last couple of months, the housing market has seen a shift where the buyer demand has slowed down and the inventory of homes on the market has increased. But as a seller, should that deter you from putting your home on the market? Not necessarily. The shift can actually give a seller some unique benefits and opportunities.
One of the biggest concerns for sellers is “Will I have a place to go after I sell?” If you are selling your house to make a move, chances are you will have more properties to choose from that check all the boxes for your move. And if your home is priced right, it will still be in demand.
What Do the Experts Think About Selling?
Another opportunity is that your home equity has substantially increased in the last few years making it possible to move up. According to Danielle Hale, chief economist at Realtor.com, “Homeowners trying to decide if now is the time to list, are still in a good position in many markets as a decade of rising home prices have given a substantial equity cushion.”
That’s right, if you have been worried about how rising prices can affect your next home search, keep in mind increasing equity in your home can help to cover the next down payment on your next home. So, if you are still thinking of selling this year, let’s connect so I can go over current market data to help you get the best possible price and terms for your move today.