The seemingly endless market fluctuations leave many homeowners with questions about their properties. “What is my home worth now? Should I sell my house now or wait?”
Knowing when to sell your home requires more than considering housing market trends and buyer demand. You also need to consider your unique situation and whether or not selling your home is a smart move for your personal financial goals.
At Sell Pittsburgh Now, LLC, we buy houses in Pittsburgh in any condition and make the home-selling process easier than ever. So, should you sell your house? Let’s look at some important factors to consider.
What Does the Housing Market Look Like for Pittsburgh, PA, in 2024?
While economic conditions aren’t the only thing you should consider when deciding whether to sell your home, they’re certainly a crucial factor. So far, 2024 has seen a seller’s market due to lower mortgage rates and a housing shortage. This is great news for anyone conducting a sale or leasing a property, but it can also make things more difficult if you’re trying to buy a new home afterward, given the greater buyer competition.
The typical home-buying season is spring, which generally makes this the best time to sell a home. According to an ATTOM analysis from 2023, homes sold in May averaged a seller premium of 12.8%. This seasonal timing analysis covered condo and single-family home sales over the past decade.
Here’s When To Sell Your Home
“Should I sell my house now or wait?” Here are the most important for you to consider when answering this question:
- Mortgage Rates Are Low: Lower mortgage rates often mean more homeowners looking to buy a house. This also works in your favor if you plan on purchasing another home after the sale of your old one.
- Your Property Value Has Significantly Increased: One of the benefits of owning a home is the ability to build equity over time. If you bought your home several years ago, and it’s worth a good bit more now, it may be wise to sell your home and cash in on the equity you’ve accrued.
- You’re in a Seller’s Market: Buyers have fewer options in a seller’s market, which gives you, the seller, greater negotiating power.
- You’re Moving Away: If you have to move away from Pittsburgh, it may be smarter to sell your home, especially if you’re looking to purchase one in your new location.
Get a Cash Offer for Your Home in Pittsburgh, PA, With Sell Pittsburgh Now, LLC
If you’ve asked yourself the question, “Should I sell my house now or wait?” analyzed the latest real estate market forecast, and decided that you’re ready to sell, skip the typical home-selling hassle and let us buy your house!
We offer cash for homes in any condition, so whether you’re moving to a new town or are ready to take full advantage of your home’s equity, just contact us. Reach out to Sell Pittsburgh Now, LLC, at (412) 275-5238 to learn more. We can also help you with understanding tax on inherited property and other common real estate questions.