How To Handle Challenging Market Dynamics As A Seller & Buyer

If you’ve been considering selling or buying a home, you might have already noticed the housing market looks different than it has in recent years.

According to Realtor.com, homes are starting to take longer to sell, even though home prices are still up 6.3% compared to 2022. There is a lower demand for buyers this spring, which means that homes tend to sit on the market longer. Not only that, buyers can struggle to find the right home with a mortgage they can afford.

Selling a home becomes even more complex when you plan to buy a new home at the same time your current home is put on the market.

How Much Influence Do Mortgage Rates Have?

If you are considering selling your home, you might feel “locked in” and unable to sell because you have a mortgage at a low rate. With mortgage rates rising, it’s an understandable concern, especially for young and first-time home buyers.

However, despite the challenging housing market we find ourselves in these days, it’s reported that 85% of sellers are happy with the amount of equity in their homes.

Homeowners have a near record-high level of equity in their homes, which means they’re set up well to sell their homes should they choose to do so.

What To Expect When You Sell Your Home

2021 and 2022 kickstarted a new normal when it comes to buying and selling homes, one that includes bidding wars, incredibly fast sales, and offers regularly over asking prices.

If you’ve been considering selling your home or buying a new one, working with an experienced real estate agent like me is your key to success.

I’ve been working with home buyers and sellers for 44 years in Kosciusko County and the surrounding area. You won’t find a better agent to help you navigate the selling process!