Not Sure About Selling? Get Insider Tips & Market Insights

Peak season is fast approaching; act now to take advantage of the market.

There’s a lot of uncertainty around the current real estate market. Today, I will specifically address whether it’s a good time for you to sell your house. The answer? In my 22 years of experience, there’s nearly always a strong buyer demand. This demand can work in your favor as a seller, especially in the current market conditions.

Interest rates were historically low before June 2022 but rose significantly by the end of that year. This caused a market slowdown as both buyers and sellers became hesitant.

While 2023 didn’t see the expected relief in interest rates, they’ve recently dropped to around 6.5%. Some connections can even get you rates as low as 5.9% without upfront costs. Rates are expected to decrease, but there’s no way to tell when exactly they will drop further.

We’re already seeing increased buyer activity, with more loan applications, property viewings, and offers being submitted. As a seller, it’s best to list sooner rather than later. Here are two reasons why:

Inventory is rising. As more homes hit the market, buyers will have more options. If you reject a good offer, buyers can easily move on to another property.

"We’re already seeing increased buyer activity, with more loan applications, property viewings, and offers being submitted. "

Less inventory favors sellers. With fewer options, sellers have more leverage in negotiations. Buyers may be more willing to increase their offer to secure a unique property.

The bottom line is that now is a good time to sell because peak season is fast approaching. Most homes hit the market in March and April, with sales peaking in April and May, so don’t delay.

I also invite you to join our upcoming Home Sellers Workshop on March 25. If you want to know more about it, you can go to TriciaTurnerGroup.com, call our office at 832-334-2671, or connect with us on social media.

Reach out to us, and we will provide you with expert guidance to ensure your home is market-ready and sells for its full value.