Key Takeaways
- List your home to get a head start on the upcoming inventory and rising mortgage rates.
- Lock in your new home price now to take advantage of future appreciation in the coming years.
- Linda Craft & Team offers a variety of options for selling your home in the Triangle area, including cash offers!
As spring approaches, home sellers start to think about listing their house on the market. But how can you know when the time is right? To sell your home for top dollar and make a smart investment in your new property, you’ll want to list it at the right moment. And, that moment may be right now. Here’s why.
Inventory Is Still Low
Just like last year, we’re still in a seller’s market. There are more buyers searching for homes than there are homes on the market. Listing your home now takes advantage of the demand. You can expect multiple offers right now, but that may decrease later in the year when more inventory opens up this summer and fall.
“After years of declining, the inventory of homes for sale is finally expected to rebound from all-time lows,” says Realtor.com.
Take Advantage of Equity and Interest Rates
Statistics show that the average homeowner gained more than $50,000 in equity in 2021. If you’re seeking to upgrade and make a competitive offer on your new dream home, the extra equity will keep you competitive.
Mortgage rates are expected to increase in 2022, but they’re still below affordable, with uncertainty in global markets creating fluctuations. Even at just below 4%, rates are still well below the 8% homeowners struggled with during the 1990s. This is a great time to make your move.
Prices Are Going Up, Up, and Up
Home prices are on an upwards trajectory of appreciation. By taking advantage of recent gains in equity and upgrading your home now, you’re setting yourself up for a strong position in future home value growth later. To get started figuring out how much your home is worth right now, take advantage of our exclusive sellable home score calculator.
Get Started Selling Your Home Today
Linda Craft & Team are ready to get you top value for your home. Call us at 919.235.0007 to get started before inventory starts rising. Read our seller testimonials to find out how easy our team makes the process, and contact us to get started today!