It's Still a Great Time to Sell Your Home and Here's Why
Sellers all over the country are confused and worried they may have missed the best time to sell their home. Prices are dropping, mortgage rates are rising, and the pace has slowed but the impact on any individual seller is unclear.
While the days of any home selling for any price are behind us, the current housing market is still strong. The biggest hurdle for sellers is to avoid the feeling that they missed their chance to get top dollar. Yet, many times the seller intends to buy again also; so while they may sell their home a little lower, they will also buy the new home a little lower as well.
ABC's of Success
The ABCs to a successful sale are not complicated. They are the basics of home selling, but if followed, it will ensure a timely and profitable home sale.
A) Appreciation – When sellers hear this term, they normally think of the value of the home. During a challenging market, this kind of appreciation is to appreciate every buyer who wants to come by and every offer you receive; take them seriously.
B) Give in, Don’t Dig in – Along with appreciation for offers, view all the terms in the light of where you can give in or compromise. Be easy to work with and be reasonable.
C) Stop Comparing the House Next Door – Try not to be discouraged or angry if other homes are selling faster. You don’t really know the reason; try to stay patient.
Sell Your Home - Sellers Have a lot to Consider
It’s easy to over-think the market, especially when you see a big shift from the feeding frenzy of the last two years. Buyers are still eager even with the current interest rates BUT they are taking more time and considering the home vs. just trying to get an offer in. This means that you the seller will have to be more strategic in the way you market your home and not go after the highest bid but to weigh the other terms in the offer. At the end it’s still a great time to sell, follow the advice of a great agent and you will be ready when those offers come in.
What to Remember
Buyers are excited about the slower market. This means that buyers are still buying. Sellers who get back to the basic ABCs can be successful and achieve their selling goals.
Still on the Fence?
There is a lot to think about before putting your home on the market – so go ahead and Call, DM or text me – Let’s Chat!