Should You Wait Until Spring to Sell Your House?

For those contemplating a move in the coming year, the question often arises: when is the right time to act? Contrary to popular belief, there’s no need to wait for the spring homebuying rush. Here’s why selling now could be your best move.

Benefit from Currently Lower Mortgage Rates

Mortgage rates saw a peak of 7.79% last October but have since dropped to their lowest since last May as of January. This reduction in rates means that the cost of moving is more manageable now than it has been in recent months.

The decline in mortgage rates is also drawing buyers back into the market, increasing demand for homes. Freddie Mac’s Chief Economist, Sam Khater, notes:

“Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.”

Stand Out in a Competitive Market

Although buyer demand exceeds the supply of homes for sale, an increase in listings means more competition among sellers. By listing your home now, you can outpace potential competition, ensuring your property garners attention. Pricing strategically with an agent could lead to a quick sale and potentially multiple offers, as low inventory often means sellers can command higher prices, according to U.S. News:

“When there is low housing inventory, sellers could get top dollar for their homes.”

Capitalize on the Continuing Rise in Home Prices

With home prices expected to continue their upward trajectory, selling now allows you to take advantage of the current market before prices climb further. Moving sooner rather than later could mean purchasing your next home at a more favorable price.

Utilize Your Home Equity

Today’s homeowners are sitting on significant equity, with CoreLogic reporting the average homeowner with a mortgage holding over $300,000 in equity. This equity can be a major asset in your move, potentially covering a substantial portion, if not all, of your next home’s down payment.

Bottom Line

For those considering a move to a new home, beginning the process now offers a strategic advantage. Connect with Countryside Homes NJ and RE/MAX Select, and start planning your move to stay ahead in the market.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Select, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Select streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.

Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Select, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Select. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Select stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Select was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!