Have you ever wondered when the best time to sell your home is? If you are like most people then you definitely have! Most of the time when someone is thinking this, their goal is to get top-dollar for their home! A majority of people think the best time to put a property on the market is in Spring and Summer in Dallas, TX, but this is a common misconception that is actually one of the factors fueling a profitable market right now!
You see, to get top dollar, you need low supply and high demand—this is basic economics. When real estate inventory is low, but tons of people want to purchase a home, you can ask for more money, and voila, you get top-dollar! So the question becomes when is supply low, but demand high? The short answer—now!
Why Waiting To Sell Is A Mistake
Let’s first discuss why you shouldn’t wait to sell your home in Dallas. If a majority of people think that Spring and Summer is the best time to sell, a surplus of houses hit the market during these seasons, making the supply skyrocket. Remember, we’re looking for low supply to fit into our equation for the best time to sell. Although demand might be high April-August, without a low supply, you’ll have a harder time getting top-dollar with fierce competition.
However, families still choose to put their homes on the market in these seasons because they assume demand is the highest during this time, but that’s simply NOT the case! The Dallas Market, and its surrounding counterparts, are among the few places that can be characterized as “transient.” Transient describes a special type of area where people are continually moving in and out all year long, meaning there are always buyers looking to purchase a home. Demand is ALWAYS high! Plus, as you may already know, Dallas is especially a HOT spot right now with businesses moving their enterprises to the area, and real estate is flying off the market!
Sell Your Home Now
In 2021, we saw the highest home prices ever, but, as you know, prices can’t go up and up forever. Ultimately, we don’t know what the rest of 2022 will hold, but today we have the highest prices on record, so we suggest you go with the market and take advantage of this opportunity before it’s too late! A perfect storm, so to speak, is brewing in our real estate market. On top of the high demand and low inventory:
- Serious buyers MUST buy during the Holiday season and into the winter. Therefore, you have showings with serious buyers who are extremely motivated to move, who will likely make a higher offer even if your home isn’t their “dream home!”
- Interest rates are still extremely low. Keep in mind that a rate increase of just 1% will impact the average buyer’s purchasing power by over $40,000!
- Rents are also very high right now. This pushes more people into the real estate market. When rent is low, they tend to wait.
- Coming up in 2022, inflation is expected to rise. Increasing inflation traditionally raises interest rates, which reduces the buyer pool that can afford your home.
More Money In Your Pocket
If you’re thinking about selling your home in 2022, you need to act fast to take advantage of this incredible market and get more money in your pocket. We get our clients on average $30,500 more than when they work with another agent. Get your home matched with one of our buyers. We have over 13,600 buyers in our system that are ready to buy a home now. Call us now at 703-634-6615!
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