Are You Asking Yourself These Questions About Selling Your House?

by Traci Pate

Many homeowners hesitate to sell because of unanswered questions, but often, their concerns are based on misconceptions rather than facts. If uncertainty is keeping you from making a move, it’s time to get the real answers that can help you make an informed decision.

βœ… Is Now a Good Time To Sell?

If you own a home, you might be worried about selling and taking on a higher mortgage rate for your next house. However, what many homeowners don’t realize is how much home values have increased over the last few years.

Do you know anyone in your neighborhood who recently sold their home? If so, you might have been surprised at how much they got for it. According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), the typical homeowner has gained $147,000 in housing wealth in the last five years alone. That’s significant! When you sell, this equity can be used as a down payment for your next home, allowing you to upgrade, relocate, or invest in a new property without major financial stress.

🏑 Will I Be Able To Find a Home I Like?

Many sellers worry about finding their next home, especially if they remember how competitive the housing market was in recent years. The good news? The market has changed.

While inventory is still lower than pre-pandemic levels, it has improved significantly, and experts predict it will grow another 10-15% this year. This means you have a better selection of homes, giving you more choices and a better opportunity to find the right property in Georgia.

Additionally, with more homes hitting the market, buyers have more negotiating power than they did in previous years. This could mean fewer bidding wars and more favorable terms when purchasing your next home.

πŸ’° Are Buyers Still Buying?

If you're worried that no one is buying due to interest rates, let’s put that fear to rest. While 2023 saw fewer home sales than a normal market, demand is still strong. In fact, over 4.24 million homes sold last year, according to the National Association of Realtors (NAR).

Let’s break it down:
βœ… 4.24 million homes sold per year
βœ… 11,616 homes sell per day
βœ… 484 homes sell per hour
βœ… 8 homes sell every minute

Think about that! Just in the time it took you to read this, multiple homes have been sold. The market isn’t at a standstill—buyers are actively looking for homes like yours.

πŸ”‘ Why Now Is a Smart Time To Sell

1️⃣ Home equity is at an all-time high – You’ve likely built significant wealth in your home. Selling now could mean unlocking more profit than ever before.
2️⃣ More inventory means more options – With inventory growing, you’ll have a better selection when looking for your next home.
3️⃣ Buyers are still active – Demand remains strong, and well-priced homes are selling quickly.
4️⃣ It’s a great time to move up or downsize – Whether you need more space or are looking to simplify, now is the time to make a move that suits your lifestyle.

πŸ“ Let’s Make Your Move Happen

If questions are holding you back, I have the answers you need. Let’s discuss your goals and create a personalized strategy to sell your home in Georgia for the best price possible.

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