Why You Should (and Shouldn’t) Sell Your Home in 2023
Wondering if you should sell your house now or wait? The answer is: maybe.
We found this article and it was really well written – Take a look and see for yourself.
There are plenty of scenarios that make selling your home necessary – whether it’s to move across the country to be closer to family because you need to downsize or you can’t afford mortgage payments anymore.
But when your timeline to move is flexible, you likely want to try to strategize over when and how you place your home on the market to find buyers, maximize profit and make it easier to buy a new home if that’s what you’re doing next.
In 2023, homeowners can expect to see a different market than they witnessed in the early years of the pandemic with rapidly rising home prices, or even in 2022’s depleted demand due to high-interest rates. While 2023 may see a recession, interest rates are expected to stabilize and some buyers are expected to return to the market. Buyers who have been in their homes for at least a few years can expect to see that their property value has grown – though it may look less thrilling than the peaks of 2021.
If you’re on the fence about selling, you have a few choices: You can put your house up for sale to take advantage of the current low inventory (even with lower demand), or you can wait to see how interest rates and inflation play out as they relate to housing or you can opt to stay in your current home for the foreseeable future.
Article Written by Devon Thorsby
Source: Why You Should (and Shouldn’t) Sell Your Home in 2022 (usnews.com)