The Spring housing market is always an exciting time for both home buyers and sellers, but this year’s market is particularly unique. With so much change happening in the world over the past year, you might be wondering what’s in store for the upcoming Spring housing market. If you’re planning on selling your house this season, here are three things that you should keep in mind.
Houses That Are Priced Right Are Still Selling
Houses that are updated and priced at their current market value are still selling. This is an important point to keep in mind as the market has changed dramatically over the past year. However, it’s important to note that the need to price your house right is more crucial today than ever before. It’s clear that the Spring housing market is different from last year's, but sellers with proper expectations who lean on their realtor for the best advice on pricing their house well are still finding success. Keep in mind that the Spring housing market can be competitive, but if you price your house right, you will have a good chance of finding a buyer.
Buyers Are Still Out There
As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. However, there are still plenty of reasons why people are buying homes today. For some buyers, the 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.
Therefore, if you’re interested in selling your house this Spring, it’s important to know that there are still plenty of buyers out there. Even if some buyers have put their plans on hold due to mortgage rates, there are others who are still actively looking for a home.
The Spring housing market is always an exciting time for both buyers and sellers, and this year is no exception. If you’re planning on selling your house this season, keep in mind that houses that are priced right are still selling, there are still plenty of buyers out there, and it’s important to work with a trusted real estate advisor. With the right approach, you can take advantage of the opportunities available in the Spring housing market and sell your house for a great price.