Win When You Sell (And When You Move)

<article class="post-109238 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-109238"><span class="entry-date">December 6, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Win When You Sell (And When You Move)</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=Win+When+You+Sell+%28And+When+You+Move%29&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwin-when-you-sell-and-when-you-move%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Win When You Sell (And When You Move) | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114330/20211206-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114330/20211206-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114330/20211206-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>If you’re trying to decide when to sell your house, there may not be a better time than this winter. <a href="https://www.simplifyingthemarket.com/2021/11/16/sellers-youll-likely-get-multiple-strong-offers-this-season/?a=712984-fa409495d5d70154d03a25e81e9540e2">Selling</a> this season means you can take advantage of today’s strong <a href="https://www.simplifyingthemarket.com/2021/08/17/what-does-being-in-a-sellers-market-mean/?a=712984-fa409495d5d70154d03a25e81e9540e2">sellers’ market</a> when you make a move.<span id="more-45602"></span></p>
<h4><strong>Win When You Sell</strong></h4>
<p>Right now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect:</p>
<ul>
<li>
<strong>Your House Will Stand Out</strong> – While recent <a href="https://www.simplifyingthemarket.com/2021/11/18/home-sales-about-to-surge-we-may-see-a-winter-like-never-before/?a=712984-fa409495d5d70154d03a25e81e9540e2">data</a> shows there are more sellers getting ready to list their homes this winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find a home.</li>
<li>
<strong>Your House Will Likely Get Multiple Offers</strong> – When supply is low and demand is high, buyers have to compete with each other for a limited number of homes. The latest <a href="https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index"><em>Realtors Confidence Index</em></a> from the <em>National Association of Realtors</em> (NAR) shows sellers are getting an average of <strong>3.6 offers </strong>in today’s market.</li>
<li>
<strong>Your House Should Sell Quickly</strong> – According to the same report from NAR, homes are selling in an average of just <strong>18 days. </strong>As a seller, that’s great news for you if you’re looking for a quick process.</li>
</ul>
<h4><strong>Win When You Move</strong></h4>
<p>In addition to these great perks, you’ll also win big on your next move if you sell now. <em>CoreLogic</em> <a href="https://www.corelogic.com/intelligence/homeowner-equity-insights/">reports</a> homeowners gained an average of <strong>$51,500</strong> in <a href="https://www.simplifyingthemarket.com/2021/09/30/as-home-equity-rises-so-does-your-wealth/?a=712984-fa409495d5d70154d03a25e81e9540e2">equity</a> over the past year. This wealth boost is the result of buyer competition driving home prices up. You can leverage that equity to fuel a move, before <a href="https://www.simplifyingthemarket.com/2021/11/08/two-graphs-that-show-why-you-shouldnt-be-upset-about-3-mortgage-rates/?a=712984-fa409495d5d70154d03a25e81e9540e2">mortgage rates</a> and <a href="https://www.simplifyingthemarket.com/2021/11/10/whats-happening-with-home-prices/?a=712984-fa409495d5d70154d03a25e81e9540e2">home prices</a> climb higher. To get a feel for how rates are projected to rise, see the chart below.<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114332/20211206-MEM-Eng-1.png"><img alt="Win When You Sell (And When You Move) | Simplifying The Market" class="aligncenter wp-image-45604" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114332/20211206-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114332/20211206-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/12/01114332/20211206-MEM-Eng-1-400×300.png 400w" width="650"/></a>The longer you wait to make your move, the more it will <a href="https://www.simplifyingthemarket.com/2021/10/12/dont-wait-for-a-lower-mortgage-rate-it-could-cost-you/?a=712984-fa409495d5d70154d03a25e81e9540e2">cost</a> you down the road. As mortgage rates rise, even modestly, it will impact your monthly payment when you purchase your next home. Waiting just a few months to make that change could mean a long-term financial impact.</p>
<p>The good news is today’s rates are still hovering in a historically low range. <a href="https://www.fanniemae.com/newsroom/fannie-mae-news/economic-growth-again-revised-downward-due-supply-chain-and-inflation-concerns">According</a> to Doug Duncan, Senior VP and Chief Economist at <em>Fannie Mae</em>:</p>
<blockquote>
<p><em>“Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, <strong>by historical standards remains extremely low . . .</strong>”</em></p>
</blockquote>
<p>Selling before rates climb higher means you can make your move and lock in a low rate on the mortgage for your next home. This helps you get more home for your money and keeps your payments down too.</p>
<h3><strong>Bottom Line</strong></h3>
<p>As a homeowner, you have a great opportunity to get the best of both worlds this season. You can truly win when you sell and when you buy. If you’re thinking about making a move, let’s connect so you have the information you need to get the process started.</p>
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