A lot has changed over the past year, and you might be wondering what’s in store for the spring houszing market. If you’re planning to sell your housz this season, here’s what you should keep in mind. 1. Houszes That Are Priced Right Are Still Selling Houszes that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says: “. . . sellers who price and market their housz competitively shouldn’t have a problem finding a buyer.” The need to price your housz right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains: “With a smaller pool of buyers today and more competition from other houszes on the market, houszsellers will likely need to adjust their price expectations in the market this spring.” While this spring houszing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their housz well are still finding success. And that’s great news if you’re thinking about selling. 2. Buyers Are Still Out There As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying houszes today. Lisa Sturtevant, Chief Economist at Bright MLS, spells out the mindset of today’s buyers: “For some buyers, higher mortgage rates simply means buying a housz is out of the question unless housz 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.” That’s why, if you’re interested in selling your housz this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a housz. Bottom Line There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.
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