The Summer 2022 edition of the Home Sellers Guide seasonal series, includes many tips such as Reasons To Sell This Summer, Why Sellers Are Winning Big Today, What’s Going To Happen with Home Prices This Year,
How an Agent Helps Sell Your House, and much more.
What is inside the Home Sellers Guide Summer 2022
REASONS TO SELL THIS SUMMER
When you sell your Vero Beach house, you want to balance getting the most out of your sale with knowing you’re making a good investment on your next home. Here are a few reasons why you may want to make a move this summer and prioritize your homeownership goals sooner rather than later.
- The Number of Homes on the Market Is Still Low
- Your Equity Is Growing in Record Amounts
- Mortgage Rates Have Increased This Year
- Home Prices Are Appreciating
WHY SELLERS ARE WINNING BIG TODAY
When selling anything, you always hope for strong demand for the item coupled with limited supply. In essence, when demand is high and supply is low, prices naturally rise. That’s exactly what’s happening in the housing market today.
Here’s a look at the current imbalance in supply and demand according to the National Association of Realtors (NAR):
Notice there’s more dark blue on the left. This shows buyer traffic (demand) is strong or stable. In contrast, the lighter blues on the right indicate weak or very weak seller traffic (supply). In a nutshell, the demand for homes is greater than what’s available to purchase.
The current Vero Beach real estate market also follows the same pattern. Get the Vero Beach market insights here.
WHAT’S GOING TO HAPPEN WITH HOME PRICES THIS YEAR
You may be thinking of selling your Vero Beach house because you’ve heard your home’s value has increased. But will that trend continue? Or will prices fall since mortgage rates have risen?.
History Shows Home Prices Don’t Fall When Mortgage Rates Rise
To give you historical context, here’s a look at the impact on home prices over the past 30 years when mortgage rates rose by a percentage point or more. As the chart below shows, rates jumped by at least 1% six times in that time frame. In each case, home values increased. So, if you’re planning to sell, history shows rising mortgage rates have not had a negative impact on home prices.
Selling now is a great way to take advantage of today’s home price appreciation. And when you buy your next home, projections for ongoing appreciation indicate it’ll be a worthwhile investment that should grow in value with time.
HOW AN AGENT HELPS SELL YOUR HOUSE
With today’s housing market moving as fast as it is, working with a professional is more essential than ever. Here are five reasons you’ll want to use a real estate advisor when you sell your home this season.
- They Know What Buyers Want To See
- They Help Maximize Your Buyer Pool
- They Understand the Fine Print
- They’re Trained Negotiators
- They Know How To Set the Right Price for Your House
There’s a lot that goes into selling your house, and it takes time, effort, and expertise to truly do it right. Before you decide to sell your house on your own, let’s discuss how having a professional at your side can help.
For more information on how to sell your Vero Beach house for the shortest possible time and net the most money get a copy in this FREE Summer 2022 Sellers Guide by completing the form below.
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