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Arturo and Silvia Escobar
Escobar Homes and Family, LLC
773.592.6798 | 847.637.3073

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Why Now is a Great Time to Relocate and Sell Your Home - Local Social Pro | Award-Winning Local Social Media Marketing

It’s essential to know the current real estate market dynamics if you’re considering selling your house. The market has been volatile recently due to pressures related to the economic crisis, but that doesn’t mean there aren’t still problems. Such hesitation is reasonable. However, the irony is that many real estate experts think that right now might be one of the best times to sell a home in years after carefully studying the present housing market conditions. According to experts, the time is NOW for anyone considering listing their house and moving somewhere new.

“Given the pandemic and the uncertainty it’s caused, the general sentiment [among some owners] is that now is not a good time to sell your home… Yet so far, the data suggest the opposite—that buyers outnumber sellers in the housing market, which means it’s better to be a seller than a buyer.”

– Danielle Hale, Chief Economist at Realtor.com®,

The adage that “all real estate is local” is still true, which means there are many parts of the country where buyer demand and prices are both still high. The nation as a whole is still firmly in a seller’s market as housing inventory remains at a relatively low 2.6-month supply, according to NAR.

If public opinion is any indication, despite the shifting market dynamics, now might still be a good time to sell your house. More than half of respondents, according to Fannie Mae’s February 2023 Home Purchase Sentiment Index, still believe that now is a good time to sell. It goes without saying that choosing the ideal time to sell your house is a very personal choice. Before putting your house on the market, there are a lot of crucial financial and personal questions to think about. The justifications are frequently based on financial calculations, cost of living, and other factors, but there may also be other elements that make selling your home the best course of action.

All price ranges have seen a healthy level of viewings so far this year, with higher-value properties seeing particularly strong interest. Larger-period homes are selling well, and longer-listed properties are now generating fresh interest. This might be due to less competition, fewer new products on the market, and vendors who are more willing to negotiate on price because they recognize the market is less robust than it once was. As many new homes offer energy-saving features and are less expensive to operate, they continue to perform well and are appealing in the current economic climate. Therefore, for those considering selling, now may actually be a rather remarkably good time to get started, as there will be less competition, which will result in more viewings and serious buyers before the spring rush.

The Bottom Line

Simply put, there aren’t enough houses on the market to satisfy the demand from buyers, and homes are fetching higher prices than ever. There may not be a better time than this if you have even considered moving. Homeowners are using their current equity to take actions they had never thought possible. You might be shocked to learn how much your house is currently worth. You can maximize the sale of your home and move into your ideal home right away with the help of a strategic and creative marketing plan and knowledgeable local experts.

What To Do:

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