Its 77 degrees today in Dallas, and we're officially declaring it springtime! Well not officially, but Texas is different yall...
Even though spring is about 7 weeks out, the spring selling season is about to be in full effect. The following are the top three reasons you should seriously consider selling your home this spring.
1. Home Prices Are Still Going Up! According to this article in the Dallas Morning News home prices are up nationwide, and up 1.7% in the Dallas-Ft Worth area. "Home price increases stalled in 2023 as higher mortgage costs reduced sales. But with recent declines in mortgage rates, sales and prices are rising again in many neighborhoods." With people flocking into Texas and not enough inventory homes values should continue to rise.
2. You're probably sitting on a ton of equity, and sellers have been cashing in! "North Texas homeowners are still making a haul when they sell." Thats the very first line in this recent article from the Dallas Morning News. According to DMN "Dallas-Fort Worth homeowners who sold their properties last year made a $112,527 gross profit on a typical sale... the estimated D-FW seller profit last year was more than four times what it was in 2013." A six-figure profit could get you into your dream subdivision...
3. Early tax returns are right around the corner... This year the IRS announced they would start accepting early tax filings on January 29th (i.e. yesterday). This means many consumers will be receiving refund checks from the federal government in the upcoming weeks, and the fiscally responsible ones will be using those funds for downpayments on homes.
When you add up the information listed above it could equal to massive profits! If you've been considering upgrading to a newer/larger home, or right sizing to a home that fits your current lifestyle now is the time. Contact me for a free equity report and we can discuss the 7 different ways to sell your home.
