Your guide to selling before the big spring rush hits our market.
A few weeks ago, I discussed the potential of the Federal Reserve lowering interest rates this year and its impact on real estate. Over the past two years, we’ve seen a shortage of sellers in the market, with many holding off on listing their homes until rates drop. As interest rates decline further, we can expect these sellers to re-enter the market, creating a surge in listings.
For these reasons, sellers might want to act sooner rather than later. Currently, it’s a strong seller’s market, with most homes receiving multiple offers and favorable terms. However, as more listings flood the market, competition among sellers will increase, potentially reducing buyer interest in individual properties.
“Making minor improvements, such as touch-up paint or decluttering, can enhance your home’s value. ”
If you’re thinking about selling, speak to a trusted agent about your next steps. Making minor improvements, such as touch-up paint or decluttering, can enhance your home’s value. Recently, I helped a client prepare their home for sale with some minor adjustments, resulting in multiple offers above asking price within just four days of listing.
Don’t hesitate to call or email me if you have any questions about selling your home. It’s essential to stay informed and proactive in today’s evolving real estate market.
