{"id":6039,"date":"2024-10-08T05:30:00","date_gmt":"2024-10-08T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/why-nows-not-the-time-to-take-your-house-off-the-market\/"},"modified":"2024-10-08T05:30:00","modified_gmt":"2024-10-08T10:30:00","slug":"why-nows-not-the-time-to-take-your-house-off-the-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/why-nows-not-the-time-to-take-your-house-off-the-market\/","title":{"rendered":"Why Now\u2019s Not the Time To Take Your House Off the Market"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20241007\/20241008-Why-Now-s-Not-the-Time-To-Take-Your-House-Off-the-Market-original.png?ssl=1\" alt=\"Why Now\u2019s Not the Time To Take Your House Off the Market Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear: both;max-width: 100%\" \/><\/p>\n<p>Has your house been sitting on the market <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/06\/25\/how-long-will-it-take-to-sell-my-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">longer<\/a> than expected? If so, you\u2019re bound to be frustrated by now. Maybe you\u2019re even thinking it\u2019s time to pull the listing and wait to see what <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/09\/06\/early-forecasts-for-the-2025-housing-market-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">2025<\/a> brings. But what you may not realize is, the decision to hold off could actually <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/08\/30\/how-to-avoid-todays-top-seller-mistakes\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">cost you<\/a>. Here\u2019s a look at why staying the course could be the smarter move.<\/p>\n<h4><strong>Other Sellers Are Pulling Back. Should You Hold Off Too?<\/strong><\/h4>\n<p>According to recent <a href=\"https:\/\/www.housingwire.com\/articles\/more-home-sellers-are-withdrawing-listings\/\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> from <em>Altos Research,<\/em> the number of withdrawals is increasing \u2013 that means more sellers are opting to pull their listings off the market right now. And this isn\u2019t unusual for this time of the year.<\/p>\n<p>In the housing market, there are seasonal ebbs and flows. <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/08\/23\/how-growing-inventory-benefits-todays-buyers-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">Inventory<\/a> levels typically start to drop off a bit headed into the fall season as some sellers delay their plans until the new year. As Mike Simonsen, Founder of <em>Altos Research<\/em>, <a href=\"https:\/\/www.housingwire.com\/articles\/more-home-sellers-are-withdrawing-listings\/\" rel=\"noopener noreferrer\" target=\"_blank\">explains<\/a>:<\/p>\n<blockquote><p><em>\u201c. . . we\u2019re seeing a more normal seasonal pattern now with inventory beginning to decline. <\/em><strong><em>We\u2019re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.\u201d <\/em><\/strong><\/p><\/blockquote>\n<p>But is that a smart move? While it might seem like a good idea to pull your listing too, here\u2019s why that approach may not pay off this year.<\/p>\n<h4><strong>Today\u2019s Buyers Are Serious and Ready To Act<\/strong><\/h4>\n<p>The biggest reason to stick with your plan <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/10\/02\/secrets-to-selling-your-house-quickly\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">to sell<\/a> now is that the buyers who are looking at this time of year are serious about making a purchase.<\/p>\n<p>They\u2019ve been sitting on the sidelines for a while waiting for <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/10\/04\/the-top-3-reasons-affordability-is-improving-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">affordability<\/a> to improve. And now that mortgage rates are <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/09\/17\/mortgage-rates-drop-to-lowest-level-in-over-a-year-and-a-half\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">down<\/a> from their recent peak, they\u2019re ready to make their move. <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/09\/19\/falling-mortgage-rates-are-bringing-buyers-back\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">Mortgage applications<\/a> are rising \u2013 and that\u2019s a leading indicator that&nbsp;buyers are preparing to jump back in. And since they\u2019ve already put their needs on the back burner for so long, they\u2019re even more eager than <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/09\/20\/lower-mortgage-rates-boost-your-buying-power-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">buyers<\/a> usually are at this time of year.<\/p>\n<p>These aren\u2019t window shoppers. They\u2019re highly motivated buyers who want to move fast \u2013 and that\u2019s the kind of buyer you want to work with. As <em>Freddie Mac<\/em> <a href=\"https:\/\/myhome.freddiemac.com\/blog\/homeownership\/20201124-3-reasons-why-fall-is-a-great-time-to-sell\" rel=\"noopener noreferrer\" target=\"_blank\">says<\/a>:<\/p>\n<blockquote><p><em>\u201cDuring the fall months, serious homebuyers are eager to settle in to a new home before the holiday season ramps up and the winter weather begins.\u201d<\/em><\/p><\/blockquote>\n<p>By keeping your home on the market, you increase the chances of attracting people who are truly ready to make a purchase.<\/p>\n<h3>Bottom Line<\/h3>\n<p>While some sellers are choosing to take their homes off the market, this really isn\u2019t the best move. With serious buyers eager to purchase, this is a great time to sell your house. Connect with your agent to make sure you\u2019ve got a strategy in place to make it happen.&nbsp;<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has your house been sitting on the market longer than expected? If so, you\u2019re bound to be frustrated by now. Maybe you\u2019re even thinking it\u2019s time to pull the listing and wait to see what 2025 brings. But what you may not realize is, the decision to hold off could actually cost you. Here\u2019s a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6040,"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-6039","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":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Now\u2019s Not the Time To Take Your House Off the Market&#8212;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\/why-nows-not-the-time-to-take-your-house-off-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Now\u2019s Not the Time To Take Your House Off the Market&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Has your house been sitting on the market longer than expected? 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