Happy New Year! We are one week into 2024! Have you chosen your "word" for motivation or affirmation? Are you still keeping our new year resolutions? If one of your resolutions is to be more decisive, but you can't decide whether or not it's the right time to sell your home, this article might help.
Coming into the new year real estate experts and economists have already noticed the conversation shift to lowering interest rates. First, there is a demand to the federal government to stop raising interest rates and second, we've literally seen a slight decline and even plateau in interest rates since in the last few weeks. So, if you’ve been considering selling, 2024 might be your time! Here's what that could mean for you, the seller.
If interest rates continue to drop, demand typically exceeds supply. Which results in quicker sales and higher offers 📈
→ However, there are still considerations and strategies to keep in mind ↓
💰Although you might be tempted to set a high price due to market conditions, it’s crucial to price your home correctly from the start. This is one of the most important things when listing your home, so work closely with your real estate agent to determine the best price.
🛋 Even in a seller’s market, homes that are well-maintained and staged tend to attract more buyers and potentially higher offers.
📸 High-quality photos and a comprehensive marketing strategy can make your listing stand out in a competitive market.
→ By understanding the market conditions, pricing your home correctly, and working with a knowledgeable real estate agent (aka me 😉), you can maximize your chances of a successful sale in 2024!
Comments