With a shift in the real estate market, many homeowners are wondering if now a bad time is to sell their home. While many situations require change regardless of the market, it still isn’t a terrible time to sell your home.
3 factors impact the real estate market right now are:
- Fear of the Rates: Many buyers are fearful due to the higher interest rates, which means they are being more careful of the properties they make offers on. This sounds like bad news, but it means the buyers are much more serious about the property they pick.
- Area Specific: Certain areas in our market, for example Downtown Cary, have held their high demand similar to the way it was before the market shift. This allows homes in these areas to go over asking, in many situations.
- The Flip Side: On the flip side, if you are selling to buy a different home, this makes it tremendously easier to buy a new home. There is less competition and homeowners are more motivated to sell their homes.
The answer to the question comes down to this… no, it isn’t a bad time to sell your home. But it is a different time in our real estate market, so it is important to have the help of an experienced real estate professional. If it is time to sell your home, or you think it may be, take a moment to contact our team at Raleigh Cary Realty today.