The Best Week To List Your House Has Arrived
Are you considering selling your home? If this is the case, you should make it a point to begin the procedure as soon as possible. The sweet spot for sellers, according to realtor.com, is just around the corner. Experts looked at data from the previous several years in a new research to examine housing market changes (excluding 2020, since it was an atypical year). Experts identified the best week to list a home this year based on the current market. According to the study:
“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 off your relocation because you're waiting for the right moment to sell, your golden window of opportunity is approaching. Here's what you may expect from that week if you can get your house ready soon.
You Should See More Buyer Activity
Based on recent years' experience, the piece predicts increased buyer demand. This might lead to heightened buyer competition and, ultimately, a bidding battle for your home. And, given that mortgage rates have lately risen beyond 4%, odds are that analysis is correct. Experts claim that when interest rates rise, customers rush to make their purchases before the rates rise much higher. The National Association of Realtors (NARSenior )'s Economist and Director of Forecasting, Nadia Evangelou, 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
Furthermore, according to realtor.com, properties sell even quicker during this week of the year, owing to increased buyer interest. If you work with a reputable real estate agent to properly price your home, it should sell quickly. And with homes selling in as little as 18 days, according to the National Association of Realtors, you may be in for a huge victory.
Your House Will Be in the Spotlight
The number of homes for sale has been at or near record lows since the beginning of the year. The normal tendency for this week of the year, according to the realtor.com survey, is that there will be even fewer sellers on the market. When inventory is limited, your home will be the focus of attention for prospective purchasers looking for alternatives.
If you're looking to move quickly, the 10th-16th of April is a good time to aim for. Just keep in mind that even if you aren't ready to list in the next few weeks, this is still a seller's market. You'll still be in the driver's seat if you list later in April.
Are you ready to get started? Let's get in touch and set up a time to discuss your next steps. In the interim, develop a list of the tasks you need to complete to prepare your home. We can prioritize your must-do list and start you on the path to selling your home when we chat.