This year homeowners are beginning to regain their confidence when it comes to selling safely.
Normally, spring is the busiest season in the housing market – the time when many homeowners decide to list their houses. While this is obviously not a normal year, experts are optimistic that consumer positivity around selling will lead to more homeowners making moves this year.
What does this mean?
The fact that there are so few houses available for sale today is one driver that’s encouraging consumers to think more positively about selling.
With so few homes available to buy, your house will be more likely to rise to the top of an eager purchaser’s wish list in this competitive market. Buyers can’t be as picky as they usually are, which means that sorta weird kitchen layout is easily overlooked. Today’s high buyer activity creates upward pressure on home prices and more multiple-offer scenarios, making selling even more enticing.
In this kind of sellers’ market, you have a huge advantage in the process. And here’s another win – you can also use your equity toward a down payment on a new home when you move.
Wondering where you’ll go since we just told you it’s challenging to find a home to buy right now? Well, in many areas, there are more homes available at the higher end of the market, so finding a move-up home may be less of an issue. Get ready to search for your dream home this season.
What You Need to Know
If you pressed pause on selling your house last year, now may be the best time to put your plans back into motion while inventory is low. Contact a local real estate professional today to get the process started.