Here’s why smart homeowners are getting ready to list their properties now.
Did you know that 40% of all home sales occur between April and July each year? If you’re a smart homeowner, however, you know that the early bird gets the worm.
Buyers are still extremely active in this market. The ShowingTime consumer index shows us that there are more buyers out looking for homes this year than last year, so you can take advantage of this fact by listing now before every other seller hits the market in April. While they wait, you can take advantage of the lower competition. Smart homeowners can list now to get a better price, better terms, and the best-case scenario for buying.
“It’s the perfect time to lock in a rate while they’re still in the 3% range.”
In 2020, there were nearly one million single-family home permits given to homebuilders. Those homes got delayed for many different reasons, but most of them will be finished in 2022. This will compound the competition for you as a seller.
Right now, home equity is at an all-time high. CoreLogic estimates that the average homeowner has over $50,000 of equity in their home. That means the doors that may have previously been closed are wide open. With rates still in the 3% range, it’s the perfect time to lock one in for the life of your loan.
If you’ve been considering making a move in 2022, now is the perfect time to make history and reach out to your favorite Josh Vernon Group agent. If you have any questions or there’s anything we can assist with, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.