
“There’s pent-up buyer demand ready to come back to the market.”
This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below):
Here’s why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent increase shows buyer demand hasn’t disappeared – if anything, it indicates there’s pent-up demand ready to come back to the market.
That doesn’t mean the floodgates are opening and that there’s going to be a huge wave of buyers like we saw a few years ago. But this does signal there’ll be more activity this year than last.
At least some of the buyers who put their plans on hold over the past few years will jump back in. Whether they’re feeling more confident about moving, they’ve finally saved up enough to buy, or they simply can’t wait any longer – this is the year they’re aiming to take the plunge.
And, according to that same NerdWallet survey, more than half (54%) of those potential buyers have already started looking at homes online.
That’s a good indicator that a number of these buyers will be looking during the peak homebuying season this spring. So, if you find the right agent to make sure your house is prepped, priced, and marketed well, you can get your house in front of them.
Bottom Line
More people are going to move this year, and with the right strategy, you can make sure your house is one of the first they look at.
What do you think these buyers will love most about your house?
Let’s talk it over and make sure it’s front and center in your listing.
To view original article, visit Keeping Current Matters.
Is the Housing Market Starting To Balance Out?
While it’s still a seller’s market in many places, buyers in certain locations have more leverage than they’ve had in years.
Do You Know How Much Your Home Is Worth?
The only way to get an accurate look at what your house is really worth is to talk to a local real estate agent.
Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up
If you’re debating whether to buy now or wait, remember: real estate rewards those in the market, not those who try to time it perfectly.
Are Investors Actually Buying Up All the Homes?
The idea that Wall Street investors are buying up all the homes and making it impossible for you to compete is a myth
Is a Newly Built Home Right for You? The Pros and Cons
An agent can walk you through the pros and cons of considering a newly built home and help you decide if it makes sense for you.
How To Buy a Home Without Waiting for Lower Rates
Even if mortgage rates don’t drop substantially, there are still ways to make buying a home more affordable.