Why Now Is a Great Time to Sell Your House
Are you considering the idea of selling your house? If so, you’re probably thinking about things like current mortgage rates and your reasons for wanting to move. Here’s an important factor to consider: the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae shows an increasing number of people believe now is a great time to sell.
Why is Now a Great Time?
The timing couldn’t be better, as late spring and early summer are traditionally the prime seasons for real estate. Why? People prefer moving during this time for several reasons from school ending to no more snow on the ground.
Because this period is popular for moving, it causes a spike in buyer demand. When more buyers enter the market, and there is still limited supply of homes on the market, you as the seller can have an advantage. Typically homes sold in this time of year tend to sell faster and for a higher price than other times of year.
What This Means for Sellers Like You
With more sellers recognizing these favorable conditions, there’s an uptick in homeowners deciding to list their properties. If you’re considering joining them, it might be wise to start getting your house ready now.
Working with a local real estate agent can be invaluable. They will provide expert advice on how to spruce up your home to catch buyers’ eyes and maximize its appeal. They also understand the seasonal trends in your area, which can help you sell your home quickly and potentially at a higher price. If you’d like us to connect you to a top-notch local real estate agent in your area, let us know!
Should Colorado Homeowners Sell Now?
In Colorado, the real estate market remains robust, reflecting national trends but with local nuances. The state continues to see strong buyer demand, particularly in metro areas like Denver and Colorado Springs. However, like many places, Colorado is also experiencing a shortage of available homes, which further tilts the market in favor of sellers. This dynamic makes it an opportune time for Colorado homeowners to consider selling their homes.
If you list your home this spring or early summer, you’re likely to benefit from the current market conditions: selling your house quickly and at a favorable price. From selling your current house to buying your next home, we are here to help. Connect with us today for recommendations on next steps to take advantage of this market!
