As the effects of last year’s events extend into 2021, many people are concerned about what to expect from this spring’s housing market. If you’re thinking of selling your home, it is important to note the advice that real estate experts have for you. Being aware of these key points can help ensure a successful sale.
Houses That Are Priced Right Are Still Selling
Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:
…sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:
With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”
This spring’s housing market may look different from last year, but that doesn’t mean sellers can’t still find success. Homeowners who lean on expert guidance to accurately assess the value of their property and set appropriate expectations are getting great results. If you’re considering selling your house, now is a great time with the right advice.
Buyers Are Still Out There
Given the recent market volatility around mortgage rates, many potential buyers may have postponed their purchasing decisions. Although, there are still plenty of reasons why people are investing in homes today. Lisa Sturtevant, Chief Economist at Bright MLS, provides insight into the modern buyer’s mindset:
For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.“
This spring, if you’re ready to sell your house, consider working with a real estate agent. They’ll be able to reach potential buyers who are in the market for a home and will put you at an advantage when it comes time to negotiate.
What We Say…
There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.
Leave a Reply