If you are thinking about selling your house, you may want to list it sooner rather than later. The current housing market is on fire for those looking to sell their homes. Since more banks are offering low mortgage rates, more families are looking to get out of their apartments and into houses as well as upgrade their current housing situation. However, right now, the housing inventory is low. This is giving sellers an advantage when listing their homes and some buyers are paying thousands of dollars more than the asking price on most houses. While this is great for sellers, this trend could soon change in a couple of months and into the beginning of 2022. So, if you are planning on selling your home, you may want to consider doing so now.
Some reasons why sellers might want to list their house now include:
Peak season
The ideal time to sell your house is between April and July. Houses generally sell faster during this time frame and lately have been selling for a higher price compared to houses that are for sale during the fall or winter.
Seller's market
Right now it is a "seller's market" as there is a low inventory of houses across the United States. With tight supply and a high demand, sellers are selling their houses for way more than asking price and there is a lot of competition among buyers. Buyers are writing letters and making videos for sellers as to why their home would be best for their family and needs. In some cases, sellers don't even need to update their homes. Once listed, offers may start pouring in.
Low mortgage rates
This type of market could be a result of low mortgage rates. In early 2021, the average rate was 2.65% on a 30-year fixed mortgage. Since then, it has increased to around 3.18% which means mortgage rates may be on the rise again.
Rising price
One thing sellers need to pay attention to is the rising price of houses. As the value of houses increase, the number of people who can afford it may decrease, making the pool of candidates smaller. If home prices and mortgage rates increase, this may help cool off the market.
Whether you are looking to downsize, facing foreclosure, recently divorced, or moving into an assisted living facility, you may be looking to sell your home. If you need help selling your home in the Austin, Buda, Dallas, Fort Worth, Garland, Kyle, Mesquite, Plano, Round Rock, or San Marcos, TX areas, trust the licensed realtors at House Hunters of Dallas. We offer cash for houses and help
sell your house fast! Working with us is quick, convenient, and stress-free. We buy each home as is, meaning you don't need to do any repairs or upgrades before selling to us. Even better, when you choose to sell your home for cash, the closing process is much faster meaning money in your pocket much quicker. If you are interested in cash for houses,
call us today and find out more. Our licensed realtors are ready to help!
