Four Reasons to Sell Your House This Spring

reasons to sell your home this spring

Choosing when to sell your house this year is critical. It’s important to strike a balance between getting the most out of your current home’s value and making the best investment in your next house. However, you may be able to get the best of both worlds right now. Here are four reasons to sell your house this spring.

Buyers Are Ready to Purchase

The seller in today’s market is in control because of the limited supply of houses for sale. There are many more buyers in the market than there are homes. And that means purchasers are eagerly waiting for you to sell. Selling now puts your house at the center of attention, meaning it will sell quickly and will get many strong offers.

Homes Sell Faster and For More

Record high home price appreciation has homeowners sitting on record high amounts of equity, according to the latest report from CoreLogic. At the Ultimate Lending Team, we offer mortgage reviews to give you an update on your equity and can help guide you with next steps in selling or refinancing. If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion, if not all, of the down payment on your next home.

Low Mortgage Rates

While mortgage rates have been steadily climbing in 2022, current mortgage rates are still below what they’ve been in recent decades. In the 2000s, the average mortgage rate was 6.27%. In the 1990s, the average rate was 8.12%. That’s why it’s important to act now if you’re ready to sell. Working with the Ultimate Lending Team will help to kickstart the process so you can take key steps to making your next purchase before rates climb further.

Record High Home Value

The price of homes has steadily risen over the last few years due to supply and demand. And it seems like that imbalance is going to continue causing home prices to rise even more. What does that mean for you? If you’re selling, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices climb higher. And, once you make your purchase, you can rest assured that ongoing home price appreciation is growing the value of your new investment.

If you want to win when you sell and when you buy, this spring could be your golden opportunity. Get connected with the Ultimate Lending Team so you have the insights you need to take advantage of today’s incredible seller’s market.

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