It’s the question we get all the time — “When is the best time of year to sell our house?”
According to a recent report from Realtor.com, sellers eyeing a 2024 sale won’t want to miss out on the upcoming sweet spot in the market — this spring is it. Why?
- Less Competition
Expect 40% less inventory compared to pre-pandemic levels, giving sellers a competitive edge. - More Interested Buyers
With 22.8% more buyer views per listing, sellers can anticipate heightened interest in their properties. - Quick Sales
Homes are projected to sell 17% faster during this week, thanks to favorable market conditions. - Higher Prices
Listing prices are $34,000 higher than at the start of 2024, providing sellers with potentially higher returns. - Fewer Price Reductions
With 24.6% fewer homes featuring price reductions, sellers can maintain their asking prices more effectively.
For sellers looking to capitalize on this opportune moment, preparation is key. Start by considering these essential steps:
- Curb Appeal – spruce up the property’s exterior
- Professional Guidance – begin discussions with your real estate agent
- Price Strategy – your realtor will help you right price your home to sell
It’s true that many people don’t want to sell because they are worried about higher mortgage rates but this is a great opportunity for seniors who are often looking at downsizing and have flexibility in where they live. They’re not tied to a local school or being close to the office. And many of our clients, are very open to renting.
>>Read more on this subject from Kiplinger.
If you or a retired family member is considering selling, contact us to learn how real estate transactions involving seniors are unique and there are different factors to take into consideration. Schedule a consultation with us today.
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