Houston homeowners, if you’ve been putting off selling your Houston home, now is the time to do it! As your Houston real estate team, we’re here to explain why, and to offer our professional home-selling assistance.
Here are a few reasons why now is the time to sell, according to KCM Crew:
1. Buyer demand is high. Spring is normally the busiest time of year for buyers, but this summer is just as busy! Foot traffic is higher than it has been in the past two years, and mortgage demand is up as well, which means that buyer demand isn’t stopping anytime soon. The best time to sell your home is when Houston homebuyers are out, willing and able to purchase your home!
2. Competition is low. Housing supply is still below historic averages. A six-month supply is a normal housing market, and we have a five-month supply right now. Also, more new construction is starting to pop up again. Therefore, now is the time to sell, before new homes and more home sellers reach the Houston real estate market!
3. Home prices are skyrocketing. Not only are home prices up, they are way up! Sellers are experiencing the biggest gains in home price appreciation since 2007. This is because of the high demand from buyers combined with the low inventory of homes for sale. This allows home sellers to increase their price when numerous buyers are interested!
4. It’s time to move up. If you want to sell your Houston home so that you can move up and buy the Houston home of your dreams, there has never been a better time to do it. Mortgage rates are still low, hovering around 4 percent, but they are predicted to rise a whole percentage point by this time next year. Home prices will continue to rise, too. By purchasing a home now, you could save a lot of money each month on your mortgage!
5. It’s time to move on. Think about why you want to sell your Houston home. Is it because you want to move up and grow your family, or because you want to downsize or move into assisted living? Do you want to move closer to family, or closer to work, or closer to the amenities or activities that you enjoy most? You’ll always find reasons to put off moving, but if selling is on your mind, now is the time to do it!
As you can see, there are many positive reasons for listing your home on the Houston real estate market right now. As your Houston real estate team, we’d love to help you out! Contact us anytime and let’s get the home-selling process underway.