02/02/2024
Contemplating putting your home on the market in 2024? Hereโs a preview of what to expect:
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1) Dipping Rates. Cooling off in mid December, prepare for more favorable rates in 2024, increasing the pool of potential buyers.
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2) Increase in home prices: As new buyers enter the market, and inventory remains low, expect prices to climb further, indicating that selling will be profitable.
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3) Fierce competition: Low inventory means eager buyers. If you want top dollar, professional photography, staging, and curb appeal are non-negotiables.
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4) Optimistically cautious: many predict a strong year for the economy and the stock market, but some are more enthusiastic than others. Donโt expect a recession, but donโt expect things to go completely smoothly, says Kristina Hooper, chief global market strategist at Invesco.
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Despite the challenges, selling in 2024 has the potential to yield a substantial profit. To expedite the process, work with a knowledgeable agent, price your home competitively, and consider offering concessions.
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If youโre navigating the complex world of home selling and need expert guidance, donโt hesitate to reach out. And if youโll drop us a comment or send us a DM, weโd love to send you our Selling Timeline Guide that gives you a step-by-step roadmap of prepping your home for the market.
