NAR (National Association of Realtors) shows that buyer demand is strong. Nationwide, the best time to sell a home to both maximize return and minimize time on the market is in spring. People tend to shop for homes as the weather gets warmer, making the spring market hot.
Many homeowners were reluctant to list their home over the last couple of years for fear that they may not find a new home to move in to, but with the market change, sellers are ready to list.
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler.
Top real estate agents across the country and the latest trend reports point to clear guidance: if you own a house and have entertained the idea of selling it recently— pull the trigger in 2019. Sellers who list their homes earlier in the year tend to get a higher sales price, often above list, and shorter days on market.
While still historically low, interest rates are up significantly from where they were just a couple years ago. They are projected to hit at least 5.5% on average by the end of 2019. When interest rates rise, mortgage originations tend to cool. Listing now, before the interest rates rise any higher, will help you net more in the end.
To learn more about the 2019 housing market, call 843-686-4002.