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- The Importance of Proper Pricing Homes that are up-to-date and priced appropriately for the current market conditions are still attracting buyers. According to Jeff Tucker, a Senior Economist at Zillow, sellers who competitively price and market their homes shouldn’t struggle to find interested buyers. With market dynamics evolving significantly over the past year, it’s crucial for sellers to adjust their price expectations accordingly. Danielle Hale, Chief Economist at realtor.com, emphasizes the need for sellers to align their price expectations with the current market reality, especially given the smaller pool of buyers and increased competition among listings this spring. Despite these shifts, sellers who set realistic expectations and seek guidance from real estate professionals are still achieving success in selling their homes.
- Continued Demand from Buyers While some potential buyers may have paused their plans due to fluctuating mortgage rates, there are still many individuals actively seeking to purchase homes. Lisa Sturtevant, Chief Economist at Bright MLS, highlights the diverse motivations among today’s buyers, ranging from those deterred by higher mortgage rates to others undeterred and eager to re-enter the market after months of hesitation. For sellers contemplating listing their homes this spring, partnering with a knowledgeable real estate agent can facilitate connections with motivated buyers ready to make a purchase. In Summary: The spring housing market presents clear opportunities for sellers. If you’re considering selling your home, it’s advisable to consult with a trusted real estate advisor to assess whether it’s the right time to make a move.
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