Why Now Is a Great Time To Sell Your House

<article class="post-102339 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-102339"><span class="entry-date">November 29, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Why Now Is a Great Time To Sell Your House</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=Why+Now+Is+a+Great+Time+To+Sell+Your+House&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhy-now-is-a-great-time-to-sell-your-house%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Why Now Is a Great Time To Sell Your House | 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/2021/11/22124440/20211129-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124440/20211129-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124440/20211129-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking <a href="https://www.simplifyingthemarket.com/2021/11/10/whats-happening-with-home-prices/?a=712984-fa409495d5d70154d03a25e81e9540e2">home price appreciation</a>, growing <a href="https://www.simplifyingthemarket.com/2021/10/22/your-home-equity-is-growing-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">equity</a>, low <a href="https://www.simplifyingthemarket.com/2021/11/09/how-sellers-win-when-housing-inventory-is-low/?a=712984-fa409495d5d70154d03a25e81e9540e2">inventory</a>, and competitive <a href="https://www.simplifyingthemarket.com/2021/11/03/experts-project-mortgage-rates-will-continue-to-rise-in-2022/?a=712984-fa409495d5d70154d03a25e81e9540e2">mortgage rates</a> are motivating homeowners to make a move that addresses their <a href="https://www.simplifyingthemarket.com/2021/10/28/does-your-house-have-what-buyers-want/?a=712984-fa409495d5d70154d03a25e81e9540e2">changing lifestyles</a>.<span id="more-45570"></span></p>
<p>In fact, recent <a href="https://www.realtor.com/research/home-sellers-autumn-2021/">data</a> from <em>realtor.com</em> shows a larger share of homeowners are planning to list their houses this winter. So, that means <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">more homes</a> are about to hit the market, which will lead to more choices for buyers too.</p>
<p>According to George Ratiu, Manager of Economic Research at <a href="https://news.move.com/2021-11-11-Low-Temps,-High-Expectations-Realtor-com-R-Survey-Shows-65-of-Prospective-Sellers-Plan-to-Enter-the-Market-this-Winter"><em>realtor.com</em></a>:</p>
<blockquote>
<p><em>“The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests <strong>the majority of prospective sellers are actively preparing to enter the market this winter.</strong>” </em></p>
</blockquote>
<p>If you’re thinking of waiting until the spring to sell your house, know that your neighbors may be one step ahead of you by selling this winter. If you want to stand out from the crowd, this holiday season is the best time to make sure your house is available for buyers. Here’s why.</p>
<h4><strong>Sellers Are Still Firmly in the Driver’s Seat </strong></h4>
<p>Historically, a 6-month supply of homes for sale is needed for a normal or neutral market. That level ensures there are enough homes available for active buyers (<em>see graph below</em>):<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124442/20211129-MEM-Eng-1.png"><img alt="Why Now Is a Great Time To Sell Your House | Simplifying The Market" class="aligncenter wp-image-45572" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124442/20211129-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124442/20211129-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/11/22124442/20211129-MEM-Eng-1-400×300.png 400w" width="650"/></a>The latest <a href="https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales"><em>Existing Home Sales Report</em></a> from the <em>National Association of Realtors</em> (NAR) shows the inventory of houses for sale sits at <strong>a 2.4-month supply. </strong>This is well below a neutral market.</p>
<h4><strong>What Does That Mean for You?</strong></h4>
<p>When the supply of homes for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This drives up competition among buyers, who then submit increasingly competitive offers to win out against others in the home search process. As this happens, prices rise and <a href="https://www.simplifyingthemarket.com/2021/11/02/sellers-have-incredible-leverage-in-todays-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">your leverage</a> as a seller rises too, putting you in the best position to negotiate a contract that meets your ideal terms.</p>
<p>And while the low housing supply we’re facing won’t be solved overnight, sellers this season should move quickly to maximize their potential. As the data shows, with more prospective sellers planning to list their homes this winter, selling sooner rather than later helps your house rise to the top of a holiday buyer’s wish list so<strong> you can close the best possible deal.</strong></p>
<h3><strong>Bottom Line</strong></h3>
<p>Listing your home over the next few weeks gives you the best chance to be in front of buyers competing for homes this holiday season. Let’s connect today to discuss how you can benefit from today’s sellers’ market.</p>
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