Last year was an incredible and unusual one for home sales. For home buyers, it was challenging as offers were made and deals closed at an unprecedented clip. However, for those who were selling homes, the fast pace of the market meant homes were not sitting for long. As 2021 comes to a close and we enter the new year, things still look good for the home buying market. If you want to sell your home let’s explore some reasons to list your house now.
Interest Rates
Perhaps the number one reason to list your home now is the uncertainty of interest rates in 2022. With the economy suffering from inflation, the Federal Reserve appears set to raise interest rates to combat the current economic state. This makes now an excellent time to list your home. Once interest rates climb, the pool of buyers will likely decrease, and borrowing becomes more expensive.
Buyer Demand
Hand in hand with the interest rate comes buyer demand. We have been seeing a period of unprecedented low-interest rates. This makes buying a home a particularly attractive investment. Because of the low-interest rates, demand is through the roof, with buyers lined up for listed homes. As the saying goes, “strike while the iron is hot!”
Less Prep Needed
During the cold winter months, your need for outdoor prep is significantly lower. So unless your home needs critical exterior work, don’t bother. Also, with the cold temperatures, you can’t do any attractive landscaping this time of year. That’s ok. New homeowners will like the fact they have a blank palette to work with come spring.
Faster Closing
You have probably heard that most people wait until spring to put their homes up for sale. This is true, which is why now is a good time for you. Realtors, home inspectors, attorneys, and closing agencies will all have time available to fast-track your closing during the winter months. Selling your home outside of the popular sales cycle likely means you’ll get increased attention.
Serious Buyers
If a buyer is out looking at homes during the cold winter months, you know they are serious about closing a deal. During the summer you will find a higher number of people house shopping, but a lot of them might not be serious about making an offer. Many people simply like to look at homes and dream.
Multiple Offers
There are still many people just waiting for the right home to come on the market today. Now is a great time to have your home listed and in front of as many prospective buyers as possible.
As a realtor, my number one goal is to get you as many offers on your home as possible. If you are looking to sell your home, there’s no better time than now. Let’s talk! Call me at 717-253-3259 (cellphone) or visit my website at www.karentavenner.com.