Get Ready to Sell Your Home for the Most Money Possible: 8 Expert Tips for Selling Your Home This Spring Season
Now that spring has arrived, it is a great time to start thinking about selling your home. Why is that? Because selling your home during the spring season has many advantages, including increased demand, more buyers, and the opportunity to showcase your home in its best light. Here are some tips to help you make […]
Homeownership has been an integral part of the concept of success for a very long time, and for good reason. However, is owning a home really worth the investment? What are the most significant benefits of homeownership? Does it make financial sense to buy a home during and after a pandemic? This article will cover […]
There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.
The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.