Reasons to Sell your Home in 2024

The decision to sell your home is often based on many, many factors, but timing is usually high on the list! Many people strategically keep an eye on the housing market to determine the most profitable time to sell their house.

With so much volatility in the housing market during recent years, it’s understandable that you may be hesitant to list your house for sale even if you’re ready to downsize. But 2024 may actually be the optimal time to make your move.

Here are three reasons why:

1. It’s a strong sellers’ market. Because the demand for housing has exceeded the supply, sellers have the advantage. There will be less competition with other sellers because homebuyers know they must act quickly when interested in a house since there is a shortage of real estate inventory.

2. Experts are predicting lower mortgage rates in 2024. Whereas 2023 saw elevated mortgage rates, it appears likely that those rates will begin to level out and fall to 6-7% by some estimations in the spring. This means that the market will remain competitive for buyers and the demand for houses will stay steady.

3. Your home’s value may have increased. Thanks to the high demand from homebuyers, it’s possible that your house’s value has been raised. See if your house appraises at a higher value in 2024 and if so, you may be able capitalize on your home equity. Increased home value is another perk of a seller’s market!

 

If downsizing has been on your to-do list for a long time, 2024 may be the best year yet to begin exploring your options.

 

If you’re ready to make your move, contact Landis Place on King to schedule a tour today!