2 Things Sellers Need To Know This Spring

Hello, Happy Spring? Well, it still doesn't feel quite like Spring here in Las Vegas but fingers crossed it's coming soon. Although, the snow recently has been beautifully covering our surrounding mountains. Typically Spring is the busiest time of the year in  Las Vegas for real estate. Interest rates are still having an impact on the number of properties on and off the market. However, regardless of the market people still have to live some where and having to sell isn't always an option due to life circumstance like death, divorce, job transfers etc. So if you are selling don't be nervous. Working with a knowledgeable professional Realtor like myself and being priced right is key.  enjoy the article and as always feel free to contact me with an questions. I love to help.      

Your Las Vegas Realtor, Paulina Palacios

 

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillowsays:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.comexplains:

“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”

While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And that’s great news if you’re thinking about selling.

2. Buyers Are Still Out There

As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLSspells out the mindset of today’s buyers:

“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”

That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.

Bottom Line

There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.


Work With Paulina

With the latest marketing campaigns that incorporate direct mail, social media, professional photography, a matterport 3d virtual tour, email, and face-to-face contact I ensure that your home is seen not only locally but out of state too. Contact me today to discuss all your real estate needs!