Why You Should Still Sell This Spring

Angela Peach | April 8, 2022

While the impending rate hikes and evidence of even higher home prices on the horizon have caused many homeowners to step back and reassess their decision to sell and buy, NOW is the time, literally and figuratively, to make a move. This spring season homeowners have the advantage in two very different situations—winning opportunities as both a seller and buyer.

Leveraging Buyer Demand & Capitalizing On Your Home's Equity

Housing inventory (or lack thereof) continues to fuel buyer demand. With the guidance of an experienced and knowledgeable real estate professional, your home will garner much attention and is likely to receive multiple strong offers.

Due to record-breaking home appreciation over the past couple of years, the equity you have in your home can open doors for you to make a move. You might ask, "But what about soaring home prices?" Fortunately, the equity and profit you can make off your current home has the potential to offset a sizeable amount, if not the entire down payment, on your next home.

Econ 101:

High Demand + Short Supply= Higher Prices (buyers)
High Demand + Short Supply= Higher Profits & Max Leverage (sellers)

As is the case with any investment, it is all about timing. By leveraging one's pricing power in today's market, sellers have the competitive advantage to not only purchase a property that is more suitable for their wants and needs before prices reach newer heights but find solace in the growing value (appreciation) of their new home/ investment.

The disparity between housing supply and demand is not something that can be fixed or find equilibrium in the short run, thus resulting in higher prices in the interim. Furthermore, the Feds' decision to periodically raise rates throughout 2022 will incrementally diminish one's buying power. With that in mind, if you’re thinking about making a move, let’s connect so you have the insights you need to make the best possible decision in today’s sellers’ market; time is of the essence.