Many home sellers aspire to have a quick and stress-free experience: listing their home, receiving an offer, collecting the payment, and handing over the keys. If only it were that simple! Selling a home involves many factors, some controllable, others beyond your control.
For example, in areas with high competition and low supply, you can sell faster and achieve a higher price than in areas where home sales are slow. Furthermore, today’s high mortgage rates pose additional financial challenges for buyers.
Although rates have dropped from their peak of 8% at the end of 2023, they still hover around 7%, negatively impacting buyers’ purchasing power.