As the leaves start to change colors and the air becomes crisp, it's time for Maine homeowners to prepare their homes for the fall season. Fall is the perfect time to tackle essential home
Important Things that Sellers Need to Know this Spring 2023
Dated: March 14 2023
Views: 54
2 Things Sellers Need To Know This Spring
A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.
1. Houses That Are Priced Right Are Still Selling
Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:
“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”
While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And that’s great news if you’re thinking about selling.
2. Buyers Are Still Out There
As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLS, spells out the mindset of today’s buyers:
“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”
That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.
Bottom Line
There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.
Check out our other contents:
- Is homeownership your dream? Make it a reality reading this: Make your homeownership dream a reality in Maine this 2023!
- Did you miss our Report in Maine Life Real Estate? Check out Maine's Hottest Towns Report and find out the Top 10 Towns in Maine with the most booming housing Market.
- Thinking of making your move in your career this year? Watch our youtube video series Facts from the 4 Runner or watch this:
- Are You Thinking About Buying a Home? The process of buying a home can be overwhelming at times, but you don't need to go through it alone. You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall, this free eGuide below will answer many of your questions.
- Are you planning to sell your house this 2023? It's difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone. Download this Free Seller Eguide to answer all your questions!
- Curious about the current value of your house? Check your Home Estimate.
- Planning to buy a house in Scarborough, Saco, Portland, Old Orchard Beach, Kennebunk, South Portland, Gorham, and Westbrook? You must be well aware about the status of their Housing Market, check this video to check the latest Market Udate of these towns.
Rob Edgerley
Rob has built an organization dedicated to assisting his clients during every aspect of the transaction. He leads his company with the highest level of integrity and hard work. You will have a team of....
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