Why NOW Is The Time To Sell Your Home

older couple smiling

The U.S. Housing Supply is at an "All-Time Low" meaning, your home is in high demand. 

 

But it’s not going to be like this for too much longer. 

People who have been waiting to sell their house, mostly due to the uncertainty that COVID-19 caused in the economy and our personal lives, are getting ready to put their homes up for sale. 

Predictions for home sales in 2022 vary but all agree that they are going to increase as people become more comfortable. 

Which means that SOON there will be more homes on the market and thus more competition if you want to sell your home. 

Currently, if you own a home, you will likely have several offers from homebuyers struggling to find a home. Multiple offers, bidding wars and going over list price is still a thing. 

In the U.S., practically every industry is struggling with supply chain distributions. The housing market is as well. 

Right now we are experiencing a lull (hopefully a long lull) of COVID-19 cases and more people are feeling comfortable looking at homes and moving. Other factors that are causing more people to search for homes include:

  • Millennials are looking for bigger homes for their growing families. 
  • Boomers and empty nesters are looking to downsize or move somewhere more desirable and conducive for a retirement lifestyle.  
  • Others who now work more remotely, need more space and are taking advantage of not having to consider their commute as a factor in where they live. 

All this = homebuyers galore.

But it won’t be like this for long…

 

Summer is coming. 

It is a common trend that more houses come on the market in the late Spring and early Summer as schools wind down and families have more time to prepare for a move. More houses on the market is great news for buyers but as a seller, that means more competition.

So when is the best time to put your house on the market? Now. Why?

  • Right now there is not as much competition. 

  • Right now mortgage rates are still relatively low. 

  • Right now there aren’t as many homes for sale. 

 

So, if you don’t have to wait until Summer or late Spring, now is the best time to sell your home.

Hate the thought of long drawn out showing periods, updating or fixing up your home to get ready for sale? 

According to the latest Existing Home Sales Report from The National Association of Realtors (NAR), 

“79% of homes sold in January 2022 were on the market for less than a month.”

 

If you are thinking of selling your home, you really shouldn’t wait. You as a seller are always on the better end of the deal when demand is high and supply is low. And that’s exactly what the market is like in most metropolitan areas of Colorado right now. 

But again things do not stay the same for long. 

 

The window is closing for selling your home at higher price point.

Remember not only will more existing homes come on the market but more new construction homes will be completed as more time goes by, adding to your competition. 

 

Take Action:

If you have a home to sell, give us a call, send a text or email

We’d be happy to go over your options with you, see how much your home could sell for right now and get your house listed as soon as possible!

Receive a Market Value Estimate