CNN: Now Is The Time
CNN: Now Is The Time
A recent CNN Money article titled, “Thinking About Selling Your Home? This May Be The Time” stated that home sellers who are looking to get top dollar for their home, “the time to sell is now.”
The reasoning is not that there will be more inventory, but, instead that there will be less demand.
Some experts predict peak home prices could happen now or in June 2022.
They point to mortgage rates over 5% and the projection that mortgage rates will rise.
Generally, home sellers are slow to recognize the change in the market and might still expect crazy bidding wars.
When there is no quick sale and a lack of offers, home sellers might realize they need to lower their asking prices.
I know from my recent experience potential sellers are worried about not being able to find another home in which to move.
Innovative solutions can make it possible to sell out at the potential peak of the market and still be able to make the move.
Contact me to discuss your individual situation for a specialized game plan.
Michael Friedman
Broker-Associate, Realtor, CDPE eXp Realty
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