“Should I sell my house now?” is a question that plagues many potential sellers still caught in the web of indecision or incomplete market information.
2021 proved to be the sellers’ year; the real estate market was very competitive and many sellers had multiple offers on their houses. This led to an increase in the price of houses, as the supply just couldn’t meet up with the demand.
The main reason why many buyers probably decided it was a good time to buy was a reduction in mortgage interest rates that made more buyers hit the market in their numbers. A lot of sellers have made great profits from selling a home in 2021 and this has left many others with the question – “Should I sell now or wait till 2022?”
Economists and real estate experts expect that selling a house in 2022 would be just as competitive as 2021 so a price increase is still expected.
Is it smart to sell your house now?
At first glance, selling your house during the holiday season may seem like a bad idea. You probably think that most people would be spending time with their families or people wouldn’t just want to come out in the snow to see houses. The market, just like the weather has cooled down so you do not see reasons to sell your home now.
However, things are not exactly the way you see them and we have compiled a few facts that may make you see that now may be one of the best times to sell your home.
So, if you’re confused about the question, “should I sell my house now?”, this article was made just for you.
3 reasons why you should sell your house now
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You are going to attract serious buyers
If you’re considering selling a home in 2021, and you find a buyer who is interested in the house, they most likely will be serious buyers who will be willing to complete a purchase fast before the holidays are over. And they will have to compete with other buyers for the same space. This is because most buyers in this season are people who will have some really strong reasons for moving, motivating them to want to close the deal fast.
The end of the year is also when most people get transferred by their company and may have to move to another city or state. The more proactive ones will start their search in this period and hope to close as fast as possible.
These situations give you the bargaining power and you could probably snag a deal with good profits. So now may just be the time to sell your home.
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Housing inventory is usually low during the holiday period
This is one of the reasons to sell your home now. There are times of the year when the housing inventory is much higher, especially in the spring. Most people don’t have houses up for sale in the winter so any buyer looking at your house will not have as many options to choose from as they usually would.
This gives you more bargaining power, and coupled with the fact that most buyers in this period are very serious about buying and will be more willing to agree to your price.
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You can give buyers an idea of what the holiday season looks like in your neighborhood
This is another point that provides more positive reinforcement to the “should I sell my house now?” question.
A lot of people love the festive season and the culture that comes with it. If you live in a neighborhood that has a great holiday culture, you get to put not just your house but your entire neighborhood on showcase. This could convince people who love the holidays to choose your house and your neighborhood.
All the above-listed points are good reasons why you should sell your home now.
But if you’re planning to sell a house in 2022, you are also sure to reap the benefits of a healthy sellers’ market, as it is predicted to be through the early parts of 2022.
On a final note, it is important that you are enlightened on the intricacies of selling a house and that you get professional counsel.
Putting a house up for sale in Arizona?
Since getting a good realtor when selling your home is half the deal, calling Tammy now at (480)-848-7173 is half the deal.
With over 20 years of sales experience in the Metro Phoenix area, Tammy is smart, knowledgable, experienced, and attentive. She has a wide real estate network, and she will put all these advantages to work on your behalf. All you have to do is give her a call.