Questions You May Have About Selling Your House

Questions You Might Have About Selling Your House With mortgage rates impacting the housing market, you may be wondering if now is the right time to sell. Here are three common questions along with data to help you decide. 1. Should I Wait to Sell? While waiting for mortgage rates to drop might sound appealing, know that many others have the same idea. This could lead to increased competition when rates do fall. If you wait, you might face faster-rising prices and more multiple-offer situations, as more buyers and sellers re-enter the market. 2. Are Buyers Still Out There? Yes, buyers are still active. The ShowingTime Showing Index shows how often buyers are touring homes, and even though demand has dipped from its peak during the 'unicorn' years, it's still strong compared to normal years like 2018-2019. This means there's still a market for your home. 3. Can I Afford to Buy My Next Home? Consider the equity you've built in your current home. Many homeowners have gained significant equity, which can help fund your next purchase. Some buyers are even making all-cash offers, reducing their reliance on mortgages. This considerable equity can make your next move more affordable despite current rates. **Bottom Line** If these questions have been holding you back, this information might help clarify your thoughts. Many potential sellers are contemplating their options, but those who have sold recently often wish they had done it sooner. If you have more questions or need further information, let's chat.

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