Are you a homeowner considering selling your house but feeling uncertain about the current real estate market? According to a recent survey by Nerd Wallet, 67% of respondents believe that the market will crash within the next three years. However, as a professional realtor, I'm here to tell you that there's no need to fear.
In fact, we are currently in a seller's market for most of the market. This means that there is a higher demand for homes than there is supply, leading to increased competition and higher prices. While the market may not be as hot as it was during the peak of the pandemic, it's still a great time to sell your home and take advantage of the gift of equity that the pandemic provided.
Before the pandemic, home prices were already on the rise. However, the pandemic only accelerated this trend and led to a surge in demand from buyers. This resulted in some sellers receiving offers that were significantly higher than their asking price, sometimes by as much as $50,000 to $100,000.
While the market has started to calm down since then, home prices are still higher than they were pre-pandemic. As such, it's a great time to sell your home and take advantage of the equity you've gained. If you wait too long, you run the risk of losing some of this value as the market rebalances.
Furthermore, as we move into the spring, inventory is expected to increase. This means that there will be more homes on the market for buyers to choose from. While this may sound like bad news for sellers, it actually presents an opportunity to capitalize on the high demand for homes.
If you're considering selling your home, now is the time to act. Don't wait for the market to crash or for prices to fall. Take advantage of the current seller's market and get your home sold while the demand is high.
At the Expert Real Estate Team, we're here to help you navigate the market and make the best decision for your needs. Whether you're buying or selling, we can provide you with the information and resources you need to make an informed decision. So give us a call today and let us help you take advantage of the current real estate market.