After almost 20 amazing and successful years in the Real Estate industry, I have come to learn that the Spring Market is the best time of the year to sell your home without fail! This is the time when most sellers prefer to put their homes on the market and typically receive the highest offers and their homes sell in the shortest amount of time. In this current Real Estate climate, if your home is in decent condition and well kept, most sellers have been getting multiple bids and homes are selling way above list price. This is a direct result of very low inventory, a huge amount of buyers out there and rates are still holding at record low numbers.
This year is expected to continue to be extraordinary, as experts predict 2022 will set even MORE records than 2021, especially during the first 6 months of the year!
““Much of what drove high price growth in 2021 will follow us into next year,” says Nicole Bachaud, a top economist for Zillow. “We will expect to see prices rising at extremely high levels for the first few months of 2022 before beginning to taper off towards more normal levels.””
These are incredible numbers considering 2021 was one of the most profitable for sellers in many years in recent history!
NOW is the BEST Time to Sell:
Capitalize on the Early Spring Market
Buyers that missed out on purchasing a home because they lost out in a bidding war last year, are coming out in cold and even snowy weather to hopefully seize the incredible opportunity of our early Spring Market – which starts mid-February, right after Super Bowl Sunday! The demand is high and inventory is extremely low, and these early Spring buyers are ready to make great offers as soon as their perfect home becomes available. Sellers will no doubt get top dollar in record time in early 2022!
There are many fabulous and creative ways to give your home that warm and inviting sense of Spring, even before the first flower has bloomed! I work with amazing stagers who can put that extra pop in your home and have it ready to sell and look absolutely beautiful in no time at all. With amazing tips like opening spaces, adding more light, and adding some pops of color, your home can look more fabulous than ever! So by the time the flowers are blooming and Spring has truly sprung, you may be on your way to that closing table!
I provide a complete and comprehensive preliminary market analysis and I also provide, at my expense, the first appointment with a top-of-the-line stager that will guide you to amazing results!
Convenient Season for Buyers
Most people want to get through the holidays and the bitter cold days before taking on the task of shopping for a new home and making a move. Families usually like to have settled into their new home before summer begins so they can register their kids in school and enjoy the summer months in their beautiful new home. Buyers without children find it easier to take off from work in the Spring to search for their perfect home. As a seller, you may find this time is most convenient for you to sell your home for the very same reasons!
Following the challenging last two years of Pandemic, we are continuing to see the large trend of city dwellers moving to the suburbs, renters are becoming homeowners, and new Millennials and Gen Z buyers are purchasing homes for the first time. This leads to more competition and more bidding wars with highly competitive offers!
The high demand we have seen throughout the last couple of years has created a very low supply and fewer homes available to the many prospective buyers. Open houses have long lines and we are seeing multiple bids on many properties. We also have offers that are going way over the asking price. That’s amazing news for sellers, as it is predicted this year’s Spring Market will be even more competitive than in 2021, especially in the first 6 months of the year!
Low Mortgage Rates
Rates are still at historic lows, hovering around 3.1% for a 30 year fixed rate. And this is still an incredible opportunity to save buyers thousands of dollars! They will be saving them more money in the long run, and is making buyers offer a much higher price when met with a bidding war on a home.
If you want more information on what the rates are at right now, or if you would like to get pre-approved for a mortgage online, please let me know and I will connect you with a top mortgage advisor!
Please call me today at 201-247-6341 and I will be more than happy to send you a market analysis of your home. Or, simply click the link below and I can send you one online right now!
Don’t miss this absolutely booming Spring Market in Northern Bergen County!
NOW is the perfect time to SELL!
Please feel free to reach out to me below anytime at all if you have any questions!
Ana Moniz, ABR Broker Associate Lifetime Member of the NJAR™ Distinguished Sales Club Coldwell Banker Residential Brokerage 50 Broadway, Hillsdale, NJ 07642