If you’re considering selling your home but feel unsure about whether it’s the right time, you’re not alone. Many homeowners hesitate to list their homes because of unanswered questions that make them second-guess their decision. But often, those concerns stem from misconceptions rather than reality.
If uncertainty is holding you back, it’s time to get the facts. Here are answers to some of the biggest questions homeowners are asking right now.
1. Is Now a Good Time To Sell?
You might be wondering if selling now makes sense, especially if you’d be trading a lower mortgage rate for a higher one on your next home. But what you may not realize is just how much your home has appreciated over the past few years.
Take a look around—have you noticed homes in your neighborhood selling for more than you expected? You’re not imagining it. According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), the typical homeowner has gained $147,000 in home equity over the last five years.
That’s a substantial amount of wealth that you could use toward your next home, helping to offset higher mortgage rates and making your move more financially feasible than you might think.
2. Will I Be Able To Find a Home I Love?
If you remember the housing market frenzy of the past few years, you might worry that finding a new home will be just as stressful now. But things have changed.
According to Realtor.com, housing inventory has increased by nearly 25% compared to this time last year. While we’re still not back to pre-pandemic levels, more homes are available, and experts predict another 10-15% increase in inventory this year.
Translation? You’ll have more choices than you’ve had in years, giving you a much better chance of finding the home that fits your needs.
3. Are Buyers Still Active in the Market?
With mortgage rates and home prices where they are, you may worry that no one is buying homes right now. But the numbers tell a different story.
Last year, even in a slower market, 4.24 million existing
homes sold, according to NAR. That’s an average of:
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11,616 homes sold per day
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484 homes sold per hour
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8 homes sold every minute
Just think—by the time you’ve read this, another handful of homes have already sold! The market isn’t at a standstill, and buyers are actively looking for homes like yours.
The Bottom Line
Selling your home is a big decision, but it doesn’t have to be overwhelming. If these questions have been on your mind, now is the time to get real answers. Connect with a local real estate expert who can guide you through the process and help you make the best move for your future.
