{"id":7719,"date":"2022-03-14T10:00:20","date_gmt":"2022-03-14T10:00:20","guid":{"rendered":"https:\/\/thezakariagroup.com\/this-spring-presents-sellers-with-a-golden-opportunity\/"},"modified":"2022-03-14T10:00:20","modified_gmt":"2022-03-14T10:00:20","slug":"this-spring-presents-sellers-with-a-golden-opportunity","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/this-spring-presents-sellers-with-a-golden-opportunity\/","title":{"rendered":"This Spring Presents Sellers with a Golden Opportunity"},"content":{"rendered":"
\n

\"This<\/p>\n

If you\u2019re thinking of selling your house<\/a> this year, timing is crucial. After all, you\u2019ll want to balance getting the most out of the sale of your current home and making the best investment<\/a> when you buy your next one.<\/span><\/p>\n

If that\u2019s the case, you should know \u2013 you may be able to get the best of both worlds today.<\/strong> Here are four reasons why this spring may be your golden window of opportunity.<\/p>\n

1. The Number of Homes on the Market Is Still Low<\/strong><\/h4>\n

Today\u2019s limited supply<\/a> of houses for sale is putting sellers in the driver\u2019s seat. There are far more buyers<\/a> in the market today than there are homes available<\/a>. That means purchasers are eagerly waiting for your house. <\/strong><\/p>\n

Listing your house now makes it the center of attention. And if you work with a real estate professional to price your house correctly, you can expect it to sell quickly and likely get multiple\u00a0strong offers\u00a0this season.<\/p>\n

2. Your Equity Is Growing in Record Amounts<\/strong><\/h4>\n

According to the most recent Homeowner Equity Insight<\/em><\/a> report from CoreLogic<\/em>, homeowners are sitting on record amounts of\u00a0equity\u00a0thanks to recent home price appreciation. The report finds that the average homeowner has gained $55,300 in equity over the past year.<\/p>\n

That much equity can open doors for you to make a move. If you\u2019ve been holding off on selling because you\u2019re worried about how rising prices will impact your next\u00a0home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion \u2013 if not all \u2013 of the\u00a0down payment\u00a0on your next home.<\/p>\n

3. Mortgage Rates Are Increasing<\/strong><\/h4>\n

While it\u2019s true mortgage rates have already been climbing this year, current mortgage rates are still below what they\u2019ve been in recent decades<\/a>. In the 2000s, the average mortgage rate was 6.27%. In the 1990s, the average rate was 8.12%.<\/p>\n

For context, the current average 30-year fixed mortgage rate, according to Freddie Mac,<\/em> is 3.85%. And while recent global uncertainty<\/a> caused rates to dip slightly in the near-term, experts project rates will rise in the months ahead. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae<\/em>, says<\/a>:<\/p>\n

\n

\u201cFor homebuyers, we believe that borrowing costs will likely rise with the increase in mortgage rates\u2026.\u201d<\/em><\/p>\n<\/blockquote>\n

When that happens, it\u2019ll\u00a0cost you more\u00a0to purchase your next home. That\u2019s why it\u2019s important to act now if you\u2019re ready to sell. <\/strong>Work with a trusted advisor to kickstart the process so you can take key steps to making your next purchase before rates climb further.<\/p>\n

4. Home Prices Are Climbing Too<\/strong><\/h4>\n

Home prices<\/a> have been skyrocketing in recent years because of the imbalance of supply and demand. And as long as that imbalance continues, so will the rise in home values.<\/p>\n

What does that mean for you? If you\u2019re selling so you can move into the home of your dreams or downsize into something that better suits your current needs, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices climb higher.<\/p>\n

And, once you make your purchase, you can find peace of mind<\/a> in knowing ongoing home price appreciation is growing the value of your new investment.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you want to win when you sell and when you buy, this spring could be your golden opportunity. Let\u2019s connect so you have the insights you need to take advantage of today\u2019s incredible sellers\u2019 market.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re thinking of selling your house this year, timing is crucial. After all, you\u2019ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. 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