As you look ahead to the coming year, you might have a major goal in mind – moving. But hey, when's the best time to make that move? Sure, spring is typically a popular time for buying homes, but you don't necessarily have to hold off until then to sell. Let me break it down for you.

1. Take Advantage of Lower Mortgage Rates

Hey there! Last October, the 30-year fixed mortgage rates reached the highest point at 7.79%. But in January, they dropped to the lowest level since May. This means you might not feel as stuck with your current mortgage rate anymore. With rates going down, moving is more affordable now compared to just a few months back.

You know why it's a great time to sell now? More folks are getting back into the market because of today's rates. Lots of them were hanging back, waiting for rates to drop, and now that they are, they're all gung-ho about buying. This means there's a bigger demand for your house. Sam Khater, who's the Chief Economist at Freddie Mac, confirms this too.

“Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.”
— Sam Khater, Chief Economist at Freddie Mac:

2. Get Ahead of Your Competition

As of now, there are still more folks wanting to buy a home than there are houses up for sale, which puts you in a good spot. But remember, with the recent increase in new listings, it looks like more sellers might be getting back into the market.

Listing your house now can give you a competitive edge and ensure that your home stands out in the market. Working with an agent to set the right price can also increase the chances of a quick sale and attract multiple offers, according to a recent article in U.S. News.

When there is low housing inventory, sellers could get top dollar for their homes.”
— U.S. News

3. Make the Most of Rising Home Prices

So, according to the experts, they're predicting that home prices will continue to climb throughout this year. What does that mean for you? Well, if you're thinking about selling your current home and buying a new one, it might be a smart move to consider making the move sooner rather than later. By doing so, you could potentially snag your next home before the prices shoot up even more. Just some food for thought!

4. Leverage Your Equity

According to experts, homeowners these days are sitting on a significant amount of equity. A recent study by CoreLogic revealed that, on average, homeowners with a mortgage have over $300,000 in equity. It's a pretty sizable chunk, isn't it?

If you've been holding off on selling because you were concerned about home affordability, just know that the equity in your current home can go a long way in helping you with your next move. It could potentially cover a significant portion, or even the entire down payment for your new home.

Bottom Line

Hey there! If you're considering selling your house and making a move, why not reach out to me? Let's chat and kickstart the process early, so you'll have a head start over your competition.