Should I Sell My House Now or Wait Until 2024?

Published on April 3rd, 2023

If you're thinking about selling your home, the last thing you want to hear is that it's a bad time. After all, what if you wait another year, and then your house value drops by 2 percent? What if prices drop 5 percent or even 10 percent?



It can be difficult to gauge exactly when the best time is to sell your primary residence, so we've compiled some tips and tricks below so that you can make an informed decision on whether or not now is the right time for you and the overall home selling process.

Should I Sell My House Now or Wait? Count These Factors First

Most real estate professionals will tell you that while home values are staying flat this year, with slight increases in some areas throughout the country, many home sellers are setting a lower asking price for potential buyers. This attracts more buyers, perhaps cash buyers, and those who might not have enough money for a large down payment.

If you are thinking of selling your home, would you be willing to set a lower asking price than you might have last year?

Why are You Selling Your House? Is it Really a Good Time to Sell?

In order to decide if it's time to sell your home, there are a few things you need to consider. First, how much equity do you have in your current property? If the value has increased significantly since its last sale, then it might be worth considering selling at this point.

But even if the market is on an upswing and prices are increasing quickly, there are still other factors that could affect whether or not it makes sense for you personally.

Here are some reasons why you might consider selling your house now or wait



• If interest rates are low
• If there is starting to be a shift to a buyer's market
• If your home was an investment property that no longer serves your needs
• If the mortgage payments are too high due to rate increases from the Federal Reserve
• If you have a lot of money in the home's equity
• You need to relocate for a job or school.
• You have a buyer willing to pay cash - like a real estate investor.

Finding a good real estate agent to sell your home is essential. Here are some reasons why:

• They can help you get a higher price for your house, which will save you money on commission.
• They will know how to market the property so that it attracts buyers who are looking for something like what you're selling.
• They'll be able to negotiate with potential buyers on your behalf and help make sure everyone gets what they want from the sale.

When it comes down to it, there are many factors involved in deciding when is the best time to sell your home. You need to consider whether or not inventory levels are high enough for buyers and if there are enough available.

It would be best if you also thought about how much equity you have built up over time and how much longer you plan on living there before making any final decisions about selling off your property altogether.



If selling your house now sounds like the right decision for you and your family, where you will gain a solid profit for your home sale and can work with a trusted local real estate agent, then now is the time to sell despite mortgage rates and current housing prices.