April 28, 2022

4 Tips for selling your home in 2022

4 Tips for selling your home in 2022

Are you thinking about selling your house this year? The US is currently in a seller’s market, so now is a great time to list your home. Even though the market has favorable conditions you should still be vigilant when listing your home. Here are some tips for selling your home this year.

Mortgage rates

Mortgages rates have been fairly competitive compared to past years. However, mortgage rates are expected to rise to historic heights. The more these rates continue to rise, the more hesitant people are going to be to buy homes. This will eventually lead to property values declining. We suggest you list your home sooner rather than later.

Check out your competition 

In most areas, inventory is low in the housing market. It is important to see what kind of competition there is in your area. The more competition you have the harder it will be to sell your home, especially if your listing price is on the higher end.

Be mindful of how much other homes in your area are selling for. You do not want to be the most expensive listing in your area, unless there is a good reason for your pricing. If you have a larger property or more upgraded finishes then a higher listing is appropriate.

Work with a real estate agent

It is always recommended that you work with a real estate agent when you are buying or selling a home. However, working with one is now more important than ever. It might seem tempting to try to sell your home on your own to save on commission, but working with an experienced real estate agent will help you price and market your home. An experienced real estate agent can help you navigate this crazy market and sell your home for the best price.

Don’t live in the home you’re selling 

With limited inventory, it is likely that your home will sell quicker than you are able to buy one. Also, removing your personal belongings will make your home more attractive to potential buyers. If you are planning to do any repairs to increase the value of your home then moving out prior will make completing these repairs easier.

Following these tips for selling your home will help you make the most out of today’s market. If you are considering selling your home, then contact The Gilson and Sikora Real Estate Group. Our team has the experience and knowledge to help you sell your home. Contact our team today!

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