Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. They did exclude 2020, since it was an atypical year. But from this analysis, experts did determine the ideal week to list a house this year.
The research says:
“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2022 is approaching quickly. The week of April 10-16 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
If you’ve been putting your move on the back burner, waiting for the ideal time to sell, you should know your golden window of opportunity is coming up. If you’re able to get your house ready quickly, here are three things that you can expect from that week:
1. You Should See More Buyer Activity2. Your House Is Expected To Sell Quickly3. Your House Will Be in the Spotlight
Let's take a closer look at these:
You Should See More Buyer Activity.
The article expects higher buyer demand based on what’s happened in previous years. This could result in increased competition among buyers and ultimately a bidding war over your house. And since mortgage rates recently ticked up over 4%, chances are good that analysis is right. When mortgage rates rise, experts say buyers often hurry to make their purchase before rates climb higher. And we are expecting several more interest rate hikes this year. As the Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), says:
“. . . Buyers are rushing to lock in lower rates as the outlook is for even higher mortgage rates in the following months.”
Your House Is Expected To Sell Quickly
Additionally, the realtor.com analysis shows houses sell even faster during this week of the year, likely due to that heightened buyer demand we just mentioned. If you work with a trusted real estate professional to price your house right, it should sell quickly. And when homes are already selling in just 18 days, according to the National Association of Realtors, that could set you up for a big win.
Your House Will Be in the Spotlight
Since the beginning of the year, the number of homes available for sale has been at or near record lows. According to the realtor.com study, the typical trend for this week of the year, is that there will be even fewer sellers on the market. If you list your home when inventory is low, your house will be the center of attention for eager buyers craving options.
If you’re really ready to move fast, you may want to shoot for this week as your target goal. To help with that, I can send you one of our deluxe 2022 calendar magnets, just like the one featured in the thumbnail for this video. It's super helpful for checking the date without even pulling out your phone. Throw it on you frig, locker, toolbox or whatever metal item you like...and scheduling is a breeze! Just text your name and mailing address to 619-947-3560. And remember, even if you’re not ready to list within the next couple of weeks, rest assured this is still a hot hot sellers’ market. If you list later this month, or even next month, you’ll still be in the driver’s seat.
If you are Ready to get the ball rolling, let me know so we can schedule a time to go over your next steps. In the meantime, make a checklist, like this one here:
of things you need to tackle to get your house ready. When we talk, we can prioritize your to-do list and get you on the road to selling your house.
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