Spring is here, and if you’re thinking of selling your Triangle area home, you might be wondering what’s in store for the housing market this season. Here are two important things to keep in mind according to real estate experts:
1. Pricing is Key
Houses that are updated and priced correctly are still selling. As Senior Economist Jeff Tucker from Zillow puts it:
. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
However, it’s important to note that the market has changed significantly over the past year, which means that sellers will likely need to adjust their price expectations. As Chief Economist Danielle Hale from realtor.com explains:
With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”
Working with a Raleigh real estate expert who can provide the best advice on pricing your Triangle home well is crucial in this market.
2. Buyers are Still Active
Although mortgage rates have risen and are volatile, there are still plenty of buyers out there. Chief Economist Lisa Sturtevant from Bright MLS highlights that:
For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”
If you’re thinking of selling your Raleigh house this spring, it’s helpful to work with Linda Craft Team Realtors who can help connect you with buyers who are ready to purchase a home in the Triangle area.
Bottom Line
Despite the changes that have taken place in the past year, there are still clear opportunities for sellers this spring. Pricing your house correctly and working with a real estate expert to connect with active buyers are essential steps in achieving a successful sale. If you’re thinking of selling, now may be the right time to make a move. Connect with Linda Craft Team Realtors today to learn more.