The question is: Should I sell my house now or wait?
You should be aware that houses are worth significantly more now than they were a year ago. Waiting may make your house value decrease over the next year, but if you wait until then, you may be able to cash in your equity to buy something else. Another important factor in selling your house now is the market’s current conditions. Many houses are priced well above their worth right now, so selling now will give you the opportunity to get ahead of the slowdown expected to occur in 2023.
Selling your home now could help you get ahead of a market slowdown in 2023
According to some real estate experts, selling your home now could put you one step ahead of the market in 2023. While buyer demand may be waning, a low inventory level is expected to remain a normal occurrence for the foreseeable future. While it may make sense to hold off on selling your home until the next major recession, other agents say that if you’re planning to reinvest in real estate, it may be prudent to hold off.
In the current market, mortgage interest rates are increasing. This trend is beneficial for sellers, since it lowers the cost of buying in the same hot market. The average 30-year fixed mortgage rate has increased from 3.13 percent a year ago to 5.36 percent. If you’re considering selling your home now, it may be best to sell it for more than you originally paid.
Refinancing is a viable alternative to selling your home
You might want to consider refinancing your mortgage rather than selling your home right now if you’ve had the same mortgage for a decade. Not only can refinancing help shorten the term of your loan, but it can also help you get a lower interest rate. This can cut your monthly mortgage payment, especially if your home’s value has increased. However, if you’ve had a negative experience selling your home, it might be more profitable to refinance.
Stage your home to get it ready for showings
There are many ways to stage your home for showings. But first you must clear away clutter, clean all surfaces and closets, and de-clutter the bedrooms and bathrooms. Leaving out personal items can make your house seem uninviting to potential buyers. A simple way to remove clutter is to move out personal items, if they are not essential to daily life. Place them in the garage, under the sink, or under the stairs.
Before staging your home for showings, you should have a professional take pictures of it. Remember that the buyer will be looking behind closed doors and drawers, so it’s best to remove any items that might look out of place. A fresh bouquet of flowers on the table will make the buyer feel welcome and comfortable. While staging your home for showings may take some work, it’s worth the effort.
Clear out the clutter to get your home sold fast
A quick way to sell your home is to declutter it. For example, if you’re selling your kitchen, remove all appliances, and clean the counters. You can also stage your home for showings. Buyers are likely to avoid homes with clutter in the photos, so it’s vital to remove everything but essential furnishings and décor. Here’s how to get started. Just keep in mind that this is only one of many tricks to selling your home fast.
First, declutter as much as you can. For instance, try to remove family photos and religious items that may turn off buyers. You also should remove any political and religious accessories that may distract potential buyers. You may also want to take down family photos and other items that can create a negative impression of your home. Remember, potential homebuyers want to see everything, so remove unnecessary items to make the home appear spacious.