If you’re considering selling your house but feel unsure about making the move, you’re not alone. Many homeowners hesitate due to questions and concerns that may not be as big of a hurdle as they seem. A lot of the doubts holding you back are often based on misconceptions, not facts. So, if you’re feeling uncertain, it’s time to get the real answers—the ones that could help you make a smart decision and ease your concerns. Don’t worry, you don’t even have to ask the questions; I’ve got the answers for you.
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Is Moving Right Now a Smart Decision?
One of the most common questions homeowners have is whether it’s the right time to sell. If you own a home already, it’s natural to worry about what you might face when buying your next one—especially if interest rates are higher than they’ve been in the past. But here’s the thing: while mortgage rates have risen, home values have also increased significantly, giving you more equity than you might think.
Think about it: do you know anyone who’s recently sold a house? Did they share what it sold for? According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), the typical homeowner has gained about $147,000 in housing wealth over the last five years alone. So, when you sell your home, you could have a substantial amount to help fund your next move.
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Wondering If You Can Find a Home You Love? Here’s What You Need to Know
Another common worry is the difficulty of finding a new home. After all, in recent years, inventory has been tight, making it tough for buyers to find the right fit. But things are improving.
Data from Realtor.com shows a nearly 25% increase in inventory compared to this time last year. While we’re not yet at pre-pandemic levels, this is a significant improvement. Experts predict that inventory will continue to grow by 10-15% this year, giving you more options than you’ve had in recent times. The best part? With more choices, you’ll have a much better chance of finding a home that fits your needs.
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Are Buyers Still Active in the Market? Yes, Here’s the Proof
You might also be wondering if there’s still demand for homes, given the current market conditions. The answer is yes! While there may have been fewer home sales last year compared to a more typical market, the National Association of Realtors (NAR) reported that around 4.24 million homes were sold (not including new construction). That number is expected to rise in 2025.
To put it into perspective, let’s break it down:
- 4.24 million homes sold ÷ 365 days = 11,616 homes sold per day
- 11,616 homes ÷ 24 hours = 484 homes sold per hour
- 484 homes ÷ 60 minutes = 8 homes sold every minute
In the time it took you to read this article, 8 homes were sold. The market is still active, and buyers are out there, actively searching for homes like yours.
If you’ve been holding off on selling because of these questions, I hope this article has helped ease your concerns. The market is moving, and there are plenty of opportunities for homeowners who are ready to take the leap. If you’ve built up significant equity, found more options for your next home, and see buyers still actively searching, now could be the perfect time to sell.
Call or text us at 855-935-MORE today! We’re here to help you make the most out of your home sale and get you moving toward your next big adventure.
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