Your Checklist To Get Ready to Sell This Fall!
If you’re trying to decide when to sell your house, there may not be a better time to list than right now!
Some Highlights
When it comes to selling your house, you want it to look its best inside and out.
It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers.
Work with your trusted real estate advisor to determine what you need to do to make sure it shows well and catches a buyer’s eye.
The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are three reasons to put your house up for sale sooner rather than later.
1. If Priced Right, Your House Will Sell Quickly
According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes that are priced right continue to sell quickly – on average, they’re selling in just 17 days. As a seller, that’s great news for you.
Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.
2. When Supply Is Low, Your House Is in the Spotlight
One of the most significant challenges for motivated buyers is the current inventory of homes for sale. Though it’s improving, it remains at near-record lows. This means your home will have more interest now, than in the spring when we typically see an increase in inventory.
3. If You’re Thinking of Moving Up, Now May Be the Time
If your current home no longer meets your needs, it may be the perfect time to make a move. Today, homeowners are gaining a significant amount of wealth through growing equity. You can leverage that equity, plus current low mortgage rates, to power your move now. But these near-historic low rates won’t last forever.
Experts forecast interest rates will rise. In their forecast, Freddie Mac says:
“While we forecast rates to increase gradually later in the year, we don’t expect to see a rapid increase. At the end of the year, we forecast 30-year rates will be around 3.4%, rising to 3.8% by the fourth quarter of 2022.”
When rates rise, even modestly, it’ll impact your monthly payment and by extension your purchasing power.
The combination of housing supply challenges, low mortgage rates, and extremely motivated buyers gives sellers a unique opportunity this season. If you’re thinking about making a move, reach out to the Jancie Burtis Team to talk about why it makes sense to list your Grand Junction house now.