2 Things Sellers Need To Know This Spring

<article class="post-649380 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-649380"><span class="entry-date">March 8, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">2 Things Sellers Need To Know This Spring</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=2+Things+Sellers+Need+To+Know+This+Spring&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2F2-things-sellers-need-to-know-this-spring%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="2 Things Sellers Need To Know This Spring Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/two-things-sellers-need-to-know-this-spring-KCM.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.</p>
<h4><strong>1. Houses That Are Priced Right Are Still Selling</strong></h4>
<p>Houses that are <a href="https://www.simplifyingthemarket.com/2023/02/20/spring-into-action-boost-your-homes-curb-appeal-with-expert-guidance/" rel="noopener noreferrer" target="_blank">updated and priced</a> at their current market value are still selling. Jeff Tucker, Senior Economist at <em>Zillow</em>, <a href="https://www.forbes.com/sites/brendarichardson/2023/02/16/expect-the-spring-housing-market-to-be-calm-but-competitive/?sh=6fc73d8357bd" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”</em></p></blockquote>
<p>The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at <em>realtor.com</em>, <a href="https://news.move.com/2023-03-02-Realtor-com-R-February-Housing-Report-More-Choices-for-Buyers-as-Inventory-Recovery-Continues-at-Breakneck-Speed" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p><em>“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”</em></p></blockquote>
<p>While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on <a href="https://www.simplifyingthemarket.com/2023/01/23/want-to-sell-your-house-price-it-right/" rel="noopener noreferrer" target="_blank">pricing</a> their house well are still finding success. And that’s great news if you’re thinking about <a href="https://www.simplifyingthemarket.com/2023/02/17/the-spring-housing-market-could-be-a-sweet-spot-for-sellers-infographic/" rel="noopener noreferrer" target="_blank">selling</a>.</p>
<h4><strong>2. Buyers Are Still Out There</strong></h4>
<p>As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of <a href="https://www.simplifyingthemarket.com/2023/02/14/why-its-easy-to-fall-in-love-with-homeownership-1/" rel="noopener noreferrer" target="_blank">reasons</a> people are buying homes today. Lisa Sturtevant, Chief Economist at <em>Bright MLS</em>, <a href="https://www.usnews.com/news/economy/articles/2023-02-27/pending-home-sales-crush-estimates-rise-8-1-in-january" rel="noopener noreferrer" target="_blank">spells out</a> the mindset of today’s buyers:</p>
<blockquote><p><em>“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. </em><strong><em>For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”</em></strong></p></blockquote>
<p>That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.</p>
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