As we enter the month of April, the housing industry shows no signs of slowing down. We are still in the midst of a strong seller’s market — which means that if you’ve been thinking of a move, now is a fantastic time to put your home up for sale. Read on to explore the top reasons to sell your home this spring.
- Demand is High
Thanks to the passage of the most recent stimulus plan and the vast number of people continuing to work remotely and, in turn, searching for a larger house, buyer demand remains incredibly high.
- Competition is Low
According to the NAR, housing inventory has declined year over year for the last 32 months. This lack of inventory means less competition for you as a seller — and all but ensures you will receive top dollar for your home while buyers have such limited options.
- The Sale Will Be Quick
Due to the competitiveness of the current market, buyers are doing everything they can to get a leg up, including getting mortgage preapproval. Having things like this completed ahead of time both simplifies and speeds up the selling process.
- It’s the Ideal Time to Upgrade
If your goal is to move into a luxury home, there’s no better time. In the premium housing market, prices are projected by CoreLogic to appreciate by 4.8% over the next year — so if you are upgrading to a higher-priced home, it will end up costing you more both in down payment and mortgage payment dollars if you wait.
As a seller, the market is on your side this season, but there’s no overstating the value of partnering with an experienced real estate professional to ensure a smooth transaction. Contact your local Surterre agent today to discuss successful strategies for selling your home in the spring.
