You wake up from a restful night of sleep, you start getting ready for the day. As you step out of your home, you look down the street and BEHOLD, a real estate agent is hammering down a for sale sign on your neighbors lawn.
You think to yourself, “WHAT, my neighbor Bob, we have been neighbors for 7 years, you are moving already?”
And a thought pops up “should I sell my house also? “I have heard it is a seller’s market in Norfolk county right now.” So what do you do? You obviously go on the Louissaint & Real Estate blog to read the reasons in favor of not selling your home. Now you are reading this to weigh out your options.
Below are 4 reasons that might encourage you to take the plunge.
1. Favorable Market Conditions
Current real estate market conditions play a crucial role in determining the optimal time to sell. In a seller’s market like now in early 2024, with high demand and limited inventory, homes priced right, sell quickly and at competitive prices. Take advantage of favorable market conditions to maximize your sale price and minimize time on the market. But know that is no longer 2020 where homes were appreciating like crazy, now at least in Norfolk county, it is still a seller’s market but do not expect a 2020 market.
2. Equity Growth
If you’ve owned your home for several years, chances are your equity has grown significantly, especially since property values in your area have appreciated. Selling now allows you to cash in on your equity and reinvest the proceeds in other opportunities or upgrade to a new home that better suits your needs.
3. Lifestyle Changes
Life changes such as job relocations, family expansions, empty nesting, or retirement often prompt homeowners to sell their homes and seek a new living situation that better aligns with their current lifestyle and needs. If your circumstances have changed, now could be an opportune time to sell and transition to a new chapter in your life.
4. Market Competition
Selling your house now can give you a competitive advantage over other sellers who may be waiting for the “perfect” time. By listing your home when inventory is low, you may stand out in the market and attract serious buyers who are actively searching for homes.
Conclusion
Now that you have read this article in favor of selling your home and the article in favor of not selling your home, you now are in a better place to make a more informed decision on selling or not selling your home.
Click here to schedule a call with me if selling your home is the right option for you or if you have any questions!
