Don’t Wait Until Spring To Sell Your House

Don’t Wait Until Spring To Sell Your House

As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here's why.

1. Take Advantage of Lower Mortgage Rates

Last October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage rate right now. That downward trend in rates has made moving more affordable now than it was just a few months ago.

Another reason today’s rates make now a good time to sell? More buyers are jumping back into the market. Many had been waiting on the sidelines for rates to fall, but now that that’s happening, they’re eager and ready to buy. That means more demand for your house. According to Sam Khater, Chief Economist at Freddie Mac:

“Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.”

2. Get Ahead of Your Competition

Right now, there are still more people looking to buy a home than there are houses for sale, which puts you in a great position. But keep in mind, with the recent uptick in new listings, we’re seeing more sellers may already be re-entering the market.

Listing your house now helps you beat your competition and makes sure your house will stand out. And if you work with an agent to price it right, it could sell fast and get multiple offers. U.S. News explains:

“When there is low housing inventory, sellers could get top dollar for their homes.”

3. Make the Most of Rising Home Prices

Experts forecast home prices will keep going up this year. What does that mean for you? If you're ready to sell your current house and plan to buy another one, it may be a good idea to think about moving now before prices go up more. That would give you the chance to buy your next home before it gets more expensive.

4. Leverage Your Equity

Homeowners today have tremendous amounts of equity. In fact, a recent report from CoreLogic says the average homeowner with a mortgage has more than $300,000 in equity.

If you've been waiting to sell because you were worried about home affordability, know your equity can really help with your next move. It might even cover a big part, or maybe all, of the down payment for your next home.

Bottom Line

If you're thinking about selling your house and moving to another one, let’s connect to get the process started now so you can get a leg up on your competition.

There are plenty of reasons to sell your house in any season, including the fall and winter. If you’re considering selling your house, don’t wait until spring to do so. The market is always changing and you never know when it might be the perfect time to sell. Selling during a less popular season can also have its benefits, such as facing less competition from other

---

Consider listing your home now; there's no need to wait for spring. Selling during the off-peak season may result in less competition, potentially making it the perfect time to sell. Discover the advantages of selling your home in the fall or winter.

Discover why waiting for spring isn't necessary to sell your house effectively. Learn more from our detailed guide: Why Selling Your House in Fall or Winter Can Be a Smart Move.

Considering selling your home? Don't miss out on the potential benefits of selling during off-peak seasons. Check out our insights: Maximize Your Home's Value by Selling in the Off-Peak Season.

If you’re on the verge of selling your property, understanding market dynamics is crucial. Find detailed analysis here: How Seasonal Market Trends Affect Home Selling.

For more information about the competitive advantages of listing your house in the cooler months, visit Sell Your Home Faster During Fall and Winter – Here’s How.

Unsure about the best timing to put your home on the market? We've got research-backed advice for you at Timing the Market: When to Sell Your House for the Best Outcome.