Now’s a Great Time To Sell Your House

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Thinking about selling your home? If you are, you may be weighing factors such as current mortgage rates and your own changing needs to determine your next step.

Here's something else to think about. According to Fannie Mae's most recent Home Purchase Sentiment Index (HPSI), the percentage of respondents who believe now is a good time to sell is increasing (see graph below):

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Why are sellers so optimistic?

One reason is that now is traditionally the best time of year to sell a home. According to a recent Bankrate article,

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

These are the seasons in which most people relocate. This indicates an increase in buyer demand. Because there are still not enough homes for sale to meet the demand, sellers see some significant benefits. According to Rocket Mortgage:

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.

More sellers are realizing that the time is right to make a move. That's one of the reasons why more homeowners are listing their homes for sale. If you think you might want to participate, you should start planning ahead of time.

A local real estate agent can assist you in preparing your home for sale by advising you on how to best fix it up and make it appealing to local buyers.

They also understand that if you list during the peak buying seasons of spring and early summer, you may sell quickly and at a higher price.

Bottom line.

If you list in the spring and early summer, your house may sell faster and for a higher price. When you're ready to take advantage of today's seller's market, please contact us. 

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