With all the news about changing real estate market conditions, you may be wondering if it’s a good time to sell your home. Traditionally, the real estate market heats up with the weather, and this year is no exception.
If you’re on the fence about selling, here are a few good reasons why now is a good time to do so.
Low inventory. With fewer properties on the market, a home that’s in great shape and shows well will stand out.
Strong demand. There are many well qualified prospective home buyers currently looking to buy a home at all price points among the limited options.
Decreased competition. With continued low inventory, sellers are facing less competition, while strong buyer demand is creating multiple offers in some markets.
Rising interest rates. The Federal Reserve has signaled that rate hikes will continue, even if they’re not as steep, and mortgage rates typically follow the federal funds rate. Buyers who qualify to purchase a home now may not qualify for that same price point once rates increase.
Appreciation. In some areas, home values have appreciated by more than 20% in recent years and remain high. This trend provides a significant profit for homeowners who sell.
Real estate is hyper-local, so to find out more about what is happening in our area, contact me today.
If you are considering selling your home, I’ll be happy to provide you with a comparative market analysis of its value. Plus, I can offer advice on how to get your property ready for market and guide you throughout the entire selling process.
If you’re curious about your home’s market value, don’t hesitate to reach out. I would love to provide a complimentary home evaluation.
Bill Cullin
Your Real Estate Source at the Delaware Beaches
Call or Text: (302) 841-7147
Toll Free: (800) GO-BEACH, Ext 27117
Email: Bill.Cullin@LNF.com
Websites:
DelawareBeachRE.com
TheHenlopen.com
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ACCREDITATIONS & AWARDS:
- 2022-3rd Consecutive Year: Overall Top Producing Individual Agent in Delaware at Long & Foster
- 2022-3rd Consecutive Year: Member of the Long & Foster’s Gold Team Master Club Level, with sales volume of over $20-35 million
- 2022-9th Consecutive Year: Five Star Professional Award-Winning Sales Agent
- 2022-16th Consecutive Year: Top Producing Agent at Long & Foster’s Rehoboth Beach Office
- 2022-13th Consecutive Year: “Zillow.com 5 Star Professional”, with “Best of Zillow” designation awarded in 2019
- Top Selling Agent at The Henlopen Condominium in Rehoboth Beach, with well over 40 transactions, exceeding the volume of any team or agent in Delaware
- Homesnap Top 5% Award, based on 202 data from over 1 million Homesnap Pro agents nationwide
Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, Ext 27117
