Abacoa & Alton Neighbors - February 2022

F e b r u a r y 2 0 2 2 | Abacoa &Alton N E I G H B O R S 11 previous years, sellers plan to list their homes this winter instead of waiting until spring or summer. The study shows that 65% of sellers who plan to sell in 2022 have either already listed their home (19%) or are planning to put it on the market this winter. Again, if you’re looking for the best price and the ability to best negotiate the other terms of the sale of your house, listing before this competition hits the market makes sense. 3. Newly Constructed Homes Will Be Your Competition in the Spring In 2020, there were over 979,000 new single-family housing units authorized by building permits. Many of those homes have yet to be built because of labor shortages and supply chain bottlenecks brought on by the pandemic. They will, however, be completed in 2022. That will create additional competition when you sell your house. Beating these newly constructed homes to the market is something you should consider to ensure your house gets as much attention from interested buyers as possible. 4. There Will Never Be a Better Time To Move-Up If you’re moving into a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 5% over the next 12 months. That means it will cost you more (both in down payment and mortgage payment) if you wait. You can also lock in your 30-year housing expense with a mortgage rate in the low 3’s right now. If you’re thinking of selling in 2022, you may want to do it now instead of waiting, as mortgage rates are forecast to rise throughout the year. 5. It May Be Time for You To Make a Change Consider why you’re thinking of selling in the first place and determine whether it’s worth waiting. Is waiting more important than being closer to your loved ones now? Is waiting more important than your health? Is waiting more important than having the space you truly need? Only you know the answers to those questions. Take time to think about your goals and priorities as we move into 2022 and consider what’s most important to act on now. Bottom Line If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s connect so you have expert advice on the best time to put your house on the market. 561-250-2776 Robert@HellerLuxuryHomes.com www.HellerLuxuryHomes.com NOW IS THE PERFECT TIME! SELLING YOUR HOME? THINKING ABOUT SELLING 4590 PGA Blvd., Suite 108 • Palm Beach Gardens, FL 33418 We Specialize in... Robert Heller Licensed Realtor ® HELLER LUXURYHOMES Al ton • Ar t i stry • Abacoa Troy Meindertsma Sunbelt Title Agency Direct: (561) 945-5766 Troy.Meindertsma@SunbeltTitle.com Title Service and Expertise You Can Trust! EXPERT CONTRIBUTOR