{"id":4547,"date":"2022-11-22T05:00:21","date_gmt":"2022-11-22T11:00:21","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/what-homeowners-want-to-know-about-selling-in-todays-market\/"},"modified":"2024-01-18T20:52:33","modified_gmt":"2024-01-19T02:52:33","slug":"what-homeowners-want-to-know-about-selling-in-todays-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/what-homeowners-want-to-know-about-selling-in-todays-market\/","title":{"rendered":"What Homeowners Want To Know About Selling in Today\u2019s Market"},"content":{"rendered":"

\"What<\/p>\n

If you\u2019re thinking about selling your house<\/a>, you\u2019re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we\u2019re still in a sellers\u2019 market. That means you haven\u2019t missed your window. Realtor.com<\/em> explains:<\/span><\/p>\n

\n

\u201c. . . while prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com\u00ae home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it.<\/strong><\/em><\/p>\n

Nonetheless, some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

The key to success today is being realistic and working with a trusted real estate advisor who can help you set your expectations based on where the market is now, not where it was over the past few years.<\/p>\n

Here are a few things experts say today\u2019s sellers need to consider.<\/p>\n

Be Willing To Negotiate<\/strong><\/h4>\n

At the peak of the pandemic frenzy, sellers held all the leverage because inventory was at record lows and buyers were willing to enter bidding wars over homes that were available. This year, the supply of homes<\/a> for sale has increased as the market cooled. Even though inventory is still low overall, buyers today have more options, and with that comes more negotiation power<\/a>.<\/p>\n

As a seller, that means you may see more buyers getting an inspection, requesting repairs, or asking for help with closing costs today. You need to be prepared to have those conversations. As Ali Wolf, Chief Economist at Zonda, <\/em>says:<\/p>\n

\n

\u201cToday\u2019s market is different than it was just six months ago. . . Sellers that want the contract to move forward should be willing to work with the buyer<\/strong>. . . Consider helping with the closing costs or addressing many of the items on the home inspection list.\u201d<\/em><\/p>\n<\/blockquote>\n

Price Your Home at Market Value<\/strong><\/h4>\n

It\u2019s not just that the number of homes for sale has grown this year. Buyer demand<\/a> has also pulled back in light of higher mortgage rates<\/a>. As a result, pricing your house appropriately so you can catch the eyes of serious buyers is important. Greg McBride, Chief Financial Analyst at Bankrate, <\/em>explains<\/a>:<\/p>\n

\n

\u201cPrice your home realistically.<\/strong> This isn\u2019t the housing market of April or May, so buyer traffic will be substantially slower, but appropriately priced homes are still selling quickly.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

You don\u2019t want to overreach with your price and deter buyers. At the same time, you don\u2019t want to undervalue your home and leave money on the table. This is another area where an agent\u2019s expertise<\/a> comes in handy.<\/p>\n

Think About Your First Impression on Buyers<\/strong><\/h4>\n

Buyers have more options and are more particular about their investment since it costs more to buy a home given today\u2019s mortgage rates. As a result, you need to make sure your house shows well. As an article from realtor.com<\/em> says:<\/p>\n

\n

\u201cTo stand out in the market, sellers should make their home attractive to buyers<\/strong>, which usually means some selective updates.\u201d<\/em><\/p>\n<\/blockquote>\n

This could include everything from staging the home, to making small cosmetic updates<\/a>, tackling repairs, or undergoing renovations. A trusted real estate professional will help you assess what may be worthwhile to do compared to other recently sold homes in your area.<\/p>\n

Bottom Line<\/strong><\/h3>\n

To sum it all up, your house should still sell today and move quickly if you\u2019re realistic about today\u2019s market. As a press release<\/a> from Zillow<\/em> puts it:<\/p>\n

\n

\u201c. . . sellers need to do things right to attract the attention of these buyers \u2014 pricing their home competitively and making their listing attractive to online home shoppers.\u201d <\/em><\/p>\n<\/blockquote>\n

For expert advice on how to quickly sell your house in a shifting market, let\u2019s connect.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re thinking about selling your house, you\u2019re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we\u2019re still in a sellers\u2019 market. That means you haven\u2019t missed your window. Realtor.com explains: \u201c. . . while prospective home sellers […]<\/p>\n","protected":false},"author":1,"featured_media":4548,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-4547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nWhat Homeowners Want To Know About Selling in Today\u2019s Market—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/what-homeowners-want-to-know-about-selling-in-todays-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Homeowners Want To Know About Selling in Today\u2019s Market—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re thinking about selling your house, you\u2019re likely hearing about the cooling housing market and wondering what that means for you. 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