As the team at Eagle Homes, we’ve been closely monitoring the real estate market, and we’ve noticed a trend that could significantly benefit homeowners considering selling. While the traditional advice has often been to wait until spring to list your home, we’re here to share why that might not be the best strategy this year. Here are compelling reasons to consider making your move now.
1. Take Advantage of Lower Mortgage Rates
The landscape of mortgage rates has seen dramatic shifts recently. Last October, the 30-year fixed mortgage rates soared to a peak of 7.79%. However, as of January, they’ve plummeted to their lowest since May, presenting a unique opportunity for homeowners and buyers alike. This dip means you’re less tethered to your current mortgage rate and can explore moving options more affordably than just a few months ago.
The decline in mortgage rates is drawing buyers back into the market — buyers who had been on the fence, waiting for a more favorable moment. As Sam Khater, Chief Economist at Freddie Mac, points out, this stabilization in rates is encouraging those with affordability concerns to re-enter the market, boosting demand for homes like yours.
2. Get Ahead of Your Competition
Despite the increase in new listings, the demand still outweighs the supply, placing sellers in an advantageous position. Listing your home now allows you to stand out before more sellers re-enter the market in the spring. A well-priced home could sell quickly and possibly receive multiple offers, capitalizing on the current low housing inventory. As noted by U.S. News, in such a market, sellers could command top dollar for their homes.
3. Make the Most of Rising Home Prices
Experts anticipate a continued rise in home prices throughout the year. If you’re contemplating selling your current home and buying another, acting sooner rather than later could be financially prudent. Moving now could allow you to purchase your next home before prices escalate further, maximizing your investment.
4. Leverage Your Equity
Today’s homeowners are sitting on significant equity, with the average homeowner with a mortgage having over $300,000 in equity, according to CoreLogic. This equity not only reinforces the financial feasibility of selling but could also substantially cover the down payment on your next home, making your move smoother and more affordable.
5. The Eagle Homes Perspective
The Eagle Homes team offers an unparalleled commitment to service, encompassing 72 distinct ways we support our clients through the home selling process. From personalized market analysis to strategic pricing, comprehensive marketing strategies, and negotiation expertise, we ensure every step is tailored to your unique goals. Our dedication extends beyond just selling your home; we focus on maximizing your financial outcome and minimizing stress. Leveraging cutting-edge technology, deep local market knowledge, and a vast network, our support is designed to navigate you smoothly towards your objectives, reflecting our unwavering commitment to helping you capitalize on the current favorable market conditions.
**Take Action Now**
Don’t wait for spring to make your move. Explore your options, take advantage of the favorable market conditions, and potentially maximize your financial gains. Contact the Eagle Homes team today to discuss how we can help you navigate this seller’s market and achieve your real estate goals. Let’s make your next move a successful and rewarding one. You can reach us at 262-205-7405 or email us at Info@fly2eaglehomes.com