"Is 2022 the Perfect Time to Sell? 5 Reasons to Consider"

Rising home prices have been in the news a lot lately, and much of the focus is on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is.

1. Demand is Strong (Time to Sell?)

Based on research it shows the buyer’s demand remains strong throughout the vast majority of the country. Buyers are ready, willing and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

2. There is Less Competition Now

Time to sell? Inventory is still under the 6 month supply needed for a normal housing market. This means in the majority of the country there are not enough homes for sale to satisfy the number of interested buyers.

3. Enlist the help of a Real Estate Professional

So how do you choose the right agent? Asking friends, family, and colleagues for referrals is a start, but be sure to narrow it down by location. You’ll want to find an agent who has recent experience in your area and will know how to market your house locally.

4. Get a Comparative Marketing Analysis (CMA)

A Comparative Market Analysis (CMA) is a document, drawn from a local Multiple Listings Service (MLS) database, that presents pricing information, property details and photos of homes similar to yours (termed “comps”) that recently sold, failed to sell, or are currently on the market in your area.

5. Negotiating

The reality is that most negotiations proceed without much difficulty. In the event that there are obstacles, your agent will be your strongest ally and best resource for solutions.