Top Questions About Selling Your Home This Winter

<article class="post-535242 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-535242"><span class="entry-date">November 16, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Top Questions About Selling Your Home This Winter</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=Top+Questions+About+Selling+Your+Home+This+Winter&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Ftop-questions-about-selling-your-home-this-winter%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/top-questions-about-selling-your-home-this-winter/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Ftop-questions-about-selling-your-home-this-winter%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Ftop-questions-about-selling-your-home-this-winter%2F&amp;description=Top+Questions+About+Selling+Your+Home+This+Winter" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/top-questions-about-selling-your-home-this-winter/?shareSlug%3Dtop-questions-about-selling-your-home-this-winter" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Top Questions About Selling Your Home This Winter&amp;body=Top Questions About Selling Your Home This Winter%0D%0Dhttps://gilliggroup.com/blog/top-questions-about-selling-your-home-this-winter/" target="_blank"><span class="force-hidden">Email</span></a>
</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>
<p><img alt="Top Questions About Selling Your Home This Winter | 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/2022/11/15091911/top-questions-about-selling-your-home-this-winter-KCM-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091911/top-questions-about-selling-your-home-this-winter-KCM-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091911/top-questions-about-selling-your-home-this-winter-KCM.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to <a href="https://www.simplifyingthemarket.com/2022/10/13/perspective-matters-when-selling-your-house-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">sell your house</a>. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision.<span id="more-47460"></span></p>
<h4><strong>1. Should I Wait To Sell?</strong></h4>
<p>Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory growth into perspective. Using <a href="https://www.nar.realtor/topics/existing-home-sales">data</a> from the <em>National Association of Realtors</em> (NAR), it shows just how far off we are from flipping to a buyers’ market:</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091910/as-supply-grows-its-still-a-sellers-market-MEM.png"><img alt="Top Questions About Selling Your Home This Winter | Simplifying The Market" class="aligncenter wp-image-47461" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091910/as-supply-grows-its-still-a-sellers-market-MEM.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091910/as-supply-grows-its-still-a-sellers-market-MEM.png 960w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091910/as-supply-grows-its-still-a-sellers-market-MEM-400×300.png 400w" width="650"/></a></p>
<p>While buyers have regained some <a href="https://www.simplifyingthemarket.com/2022/09/15/buyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">negotiation power</a> as inventory has grown, you haven’t missed your window to sell. Your house could still stand out since inventory is low, especially if you list now while <a href="https://www.simplifyingthemarket.com/2022/11/02/sell-your-house-before-the-holidays/?a=712984-fa409495d5d70154d03a25e81e9540e2">other sellers</a> hold off until after the holiday rush and the start of the new year.</p>
<h4><strong>2. Are Buyers Still Out There?</strong></h4>
<p>If you’re thinking of selling your house but are hesitant because you’re worried buyer demand has disappeared in the face of higher mortgage rates, know that isn’t the case for everyone. While demand has eased this year, <a href="https://www.simplifyingthemarket.com/2022/10/27/millennials-are-still-a-driving-force-of-todays-buyer-demand/?a=712984-fa409495d5d70154d03a25e81e9540e2">millennials</a> are still looking for homes. As an article in <em>Forbes</em> <a href="https://www.forbes.com/sites/forbesbusinesscouncil/2022/05/25/the-power-to-drive-change-how-millennials-are-affecting-the-housing-market/?sh=6d09dd06716c">explains</a>:</p>
<blockquote>
<p><em>“<strong>At about 80 million strong, millennials currently make up the largest share of homebuyers (43%) in the U.S., according to a recent National Association of Realtors (NAR) report. </strong>Simply due to their numbers and eagerness to become homeowners, this cohort is quite literally shaping the next frontier of the homebuying process. <strong>Once known as the ‘rent generation,’ millennials have proven to be savvy buyers who are quite nimble in their quest to own real estate.</strong> In fact, I don’t think it’s a stretch to say they are the key to the overall health and stability of the current housing industry.”</em></p>
</blockquote>
<p>While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. <a href="https://www.simplifyingthemarket.com/2022/11/03/do-you-believe-homeownership-is-out-of-reach-maybe-it-doesnt-have-to-be/?a=712984-fa409495d5d70154d03a25e81e9540e2">Millennials</a>, the largest generation, are actually a significant driving force for buyer demand in the housing market today. If you’re wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for.</p>
<h4><strong>3. Can I Afford To Buy My Next Home?</strong></h4>
<p>If current market conditions have you worried about how you’ll afford your next move, consider this: you may have more <a href="https://www.simplifyingthemarket.com/2022/11/04/homeownership-wins-over-time-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">equity</a> in your current home than you realize.</p>
<p>Homeowners have gained <a href="https://www.simplifyingthemarket.com/2022/09/20/watching-the-stock-market-check-the-value-of-your-home-for-good-news/?a=712984-fa409495d5d70154d03a25e81e9540e2">significant equity</a> over the past few years and that equity can make a big difference in the <a href="https://www.simplifyingthemarket.com/2022/11/07/key-factors-affecting-home-affordability-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">affordability</a> equation, especially with mortgage rates higher now than they were last year. <a href="https://blog.firstam.com/economics/whats-the-outlook-for-housing-market-potential-for-the-rest-of-2022">According</a> to Mark Fleming, Chief Economist at <em>First American</em>:</p>
<blockquote>
<p><em>“. . . <strong>homeowners, in aggregate, have historically high levels of home equity</strong>. For some of those equity-rich homeowners, that means moving and taking on a higher mortgage rate isn’t a huge deal—especially if they are moving to a more affordable city.” </em></p>
</blockquote>
<h3><strong>Bottom Line</strong></h3>
<p>If you’re thinking about selling your house this season, let’s connect so you have the expert insights you need to make the best possible move today.</p>
</div>
</div></article>