Should I Sell My House In 2022?

Posted by Jay Singh on Friday, September 9, 2022 at 9:46 AM By Jay Singh / September 9, 2022 Comment

There's no denying that the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here's a look at the key opportunities you have if you list your house this year:

Opportunity #1: You Have More Options for Your Move

At Jay Singh Realty, we always have the best interests of our home sellers in mind. With that said, we are excited to share that recent market trends have shown an increase in housing inventory. This is primarily because higher mortgage rates have cooled off the peak frenzy of buyer demand.

However, this news also means that home sellers now have more options for their own home search! If you are thinking about selling your house to make a move, know that you will have an even better chance to find a home that checks all of your boxes. So, if you've put off selling because you were worried about being able to find somewhere to go, put your worry aside! We would be more than happy to help you sell your house fast and find you your new home.

Opportunity #2: The Number of Homes on the Market Is Still Low

If you're thinking of selling your home, now may be the time to do it. Despite an increase in the number of homes for sale this year, housing supply is still firmly in sellers' market territory. That means that if you price your home right, it's likely to sell fast.

According to the latest report from the National Association of Realtors (NAR), in July, there was only a 3.3 months' supply of homes on the market. That's well below the six months' supply that would be needed to create a balanced market where there are enough homes available to meet buyer demand. As a result, homes are selling quickly - the NAR report found that the average home sold in July did so in just 14 days.

So if you're looking to sell your home fast, Jay Singh Realty can help. We have a proven track record of helping home sellers get top dollar for their homes.

Opportunity #3: Your Equity Has Grown by Record Amounts

The rising home prices we've seen over the past few years have been a boon (a timely benifit) for many homeowners. According to Danielle Hale, Chief Economist at realtor.com:

"Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion."

If you're thinking of selling your home, you can rest assured that your equity will give you a leg up in the market. And if you're worried about how rising prices will impact your next home purchase, don't be - your equity can help you cover a large portion (if not all) of the down payment on your new home. At Jay Singh Realty, we can help you get the most out of your home sale, and ensure that you're able to sell fast and for top dollar.

Bottom Line

Partner up with an expert to maximize your profit and sell your home fast.

With over a decade of experience in the industry, Jay Singh Realty has the expert insights and connections you need to make the best possible move. He and his team will work tirelessly to ensure that your home sells for the highest possible price in the shortest amount of time. So if you're thinking about selling this season, don't wait any longer, reach out to Jay Singh Realty today!