Navigating the Changing Housing Market: What Sellers Need to Know

With the ever-changing real estate landscape, it's natural to wonder about the prospects of the spring housing market. If you're planning to sell your house this season, here's what you should keep in mind as a seller.

Price Your House Right for Successful Sales

The key to selling in today's market is to ensure your house is updated and priced competitively.  Sellers who accurately price and market their homes shouldn't have any difficulties finding buyers. Given the changing market conditions over the past year, sellers may need to adjust their price expectations and be mindful of the smaller pool of buyers and increased competition. We can help set realistic pricing expectations and increase your chances of a successful sale.

Buyers Are Still Active in the Market

While rising and volatile mortgage rates have caused some buyers to pause their plans, there are still numerous reasons motivating people to buy homes today. While higher mortgage rates may be a hurdle for some buyers, it won't prevent them from re-entering the market after months of waiting. We also have seen an uptick in cash buyers over the last year.

Bottom Line

Despite the changing dynamics, the spring housing market presents clear opportunities for sellers. If you're contemplating whether it's the right time to sell, feel free to reach out.  If you're curious about the value of your home, we can help with that too.