You’re not the only person who is considering the local real estate market and wondering whether a window of opportunity is closing. Let’s look at the current situation of the real estate market and discuss three reasons to list your home in Houston right away rather than waiting until spring.
Market Volatility
First and foremost, real estate markets across the country have become less predictable and stable over the last year or so.
We witnessed a complete and total lack of available home inventory cause property market values to soar at the height of the Covid-19 pandemic. Prices have fluctuated sporadically since reaching that launch point, but overall they have stayed above average.
Many homeowners were able to take advantage of record low interest rates to refinance and put themselves in a better financial position for the foreseeable future as the concerns and uncertainty of the worldwide pandemic started to fade into the background. However, the number of owners with a motive to remain in their current residences has decreased as a result of the many increases in interest rates over the past year or two.
Choosing to list your house now means beating other owners looking to sell in the near future to the punch and leveraging those inflated home values for your personal gain.
Sustained Buyer Demand
The large number of buyers competing for the chance to buy their next home is something that has not changed in the slightest since those previously mentioned home values shot through the roof.
Three specific factors—inflation, rising rents, and a mounting sense of impending doom—have boosted demand since the epidemic almost completely eliminated the supply of homes for sale. It goes without saying that the cost of living has been rising significantly, and rising rents have made some buyers anxious.
Nowadays, buyers are swarming any for-sale property with the intention of tenaciously pursuing it, as opposed to the past when there were only a few buyers prepared to engage in a protracted bidding war over a home.
The typical buyer is increasingly likely to be a renter who is being pressured by their landlord. Finally, they must confront the possibility that keeping a home and paying a mortgage may be less expensive than simply renewing their lease.
The Clock Is Ticking
What is possibly the biggest reason to get on with choosing to list your house now is that these market conditions could begin to shift rapidly with very little notice.
The greatest way to recoup the funds, time, and effort you have spent over the years maintaining your house is to take advantage of the undeniable seller’s market that is currently in place. Striking while the iron is hot is crucial since the real estate market is likely to slow down as it usually does as the colder months approach.
There are already some indications of property values beginning to level out, so waiting until warmer weather shows up in spring could very well mean leaving money on the table.
Sell Your Home With the Professional’s Touch
We wholeheartedly advise getting in touch with the knowledgeable and skilled real estate experts in Houston to meet and go over your situation if you’re debating selling your house.
Adding the years of experience in sales, marketing, and negotiating to your team provides you the advantage you need to sell your house as quickly and for the highest price feasible. The first step to closing and ensuring that the sale of your home is a huge success is to shop around for the agent with whom you feel most comfortable trusting to represent you and your property.
Guidance When You List Your House in Houston
Contact our knowledgeable team at (713) 866-4000 if you want to take advantage of a seller’s market and list your home in Houston right away!