Win When You Sell (And When You Move)!

If you’re trying to decide when to sell your house, this winter may be your best chance.  Selling at this time means you can take advantage of today’s strong sellers’ market when you make a move. 

Win when you sell 

Right now, conditions are extremely favorable for current homeowners looking for a change. If you sell now, here’s what you can expect: 

Your house will stand out – while recent data shows inventory may increase this coming winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find a home. 

Your house will likely get multiple offers, buyers have to compete with each other for a limited number of homes. The latest realtor's confidence index from the National Association of Realtors (NAR) shows sellers are getting an average of 3.6 offers in today’s market. 

Your house should sell quickly – according to the same report from NAR, homes are selling in an average of just 18 days. That’s great news for you, as the seller, if you’re looking for a quick process. 

Win when you move 

In addition to these great perks, you’ll also win big on your next move if you sell now. CoreLogic reports homeowners gained an average of $51,500 in equity over the past year. This wealth boost is the result of buyer competition driving home prices up. Mortgage rates and home prices are likely to climb higher, you can leverage that equity to fuel a move. The chart below projects how the mortgage rate will increase: 

The good news is today’s rates are still hovering in a historically low range. According to Doug Duncan, senior VP and chief economist at Fannie Mae: 

“Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low . . .” 

By selling before interest rates climb means you can make your move and lock in a low rate now on the mortgage for your next home. This helps you get more home for your money and keeps your payments down too. 

Bottom line 

As a homeowner, you have a great opportunity to get the best of both worlds this season. You can truly win when you sell and when you buy. If you’re thinking about making a move, meet with us at The Aaronson Group.  Contact email: info@previewochomes.com or Call: 949-388-5194