As we approach the spring housing market, many sellers may be wondering what to expect. However, real estate experts have provided some insight on what sellers should keep in mind this season.
- Pricing Your House Right is Key According to Jeff Tucker, Senior Economist at Zillow, houses that are updated and priced at their current market value are still selling. This is crucial because the housing market has changed significantly over the past year, resulting in a smaller pool of buyers and more competition from other homes on the market. Therefore, it is essential to work with a real estate expert who can provide the best advice on pricing your house correctly to attract potential buyers.
- Buyers Are Still in the Market While rising mortgage rates have caused some buyers to delay their plans, there are still many people looking to buy homes. Lisa Sturtevant, Chief Economist at Bright MLS, explains that while higher mortgage rates may be a hurdle, they will not keep buyers from getting back into the market after sitting on the sidelines for months. Therefore, if you plan to sell your house this spring, working with a real estate agent who can connect you with potential buyers is highly recommended.
In conclusion, there are still opportunities for sellers this spring. If you’re considering selling your house, it’s essential to work with a real estate expert who can help you price your house correctly and connect you with potential buyers.