Debunking Home Selling Myths: 3 Questions Keeping Homeowners from Moving
If you’re a homeowner considering selling, you may be hesitating due to unanswered questions or common misconceptions about today’s market. The truth is, many concerns that hold sellers back aren’t actually hurdles at all—they just need clarity and expert insight.
Let’s tackle three of the biggest questions sellers have today—and why the answers might surprise you.
1. Is It a Good Time To Sell and Move?
You may be thinking, “Why would I sell now and take on a higher mortgage rate?” But here’s something important to consider—your home has likely appreciated significantly in value.
📈 Home Values Have Increased Substantially
According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“The typical homeowner has gained $147,000 in housing wealth over the last five years.”
That equity boost can help offset today’s mortgage rates by providing:
✔ A larger down payment, reducing the amount you need to borrow.
✔ More buying power, allowing you to afford a home that better fits your needs.
✔ The opportunity to pay in cash or take advantage of financing strategies.
💡 Bottom Line: If you’re selling, don’t just focus on rates—look at the equity you’ve gained and how it can work in your favor for your next move.
2. Will I Be Able To Find a Home I Like?
A major concern for sellers is finding a new home to move into. The past few years saw tight inventory and intense competition, but that’s changing.
📊 Inventory Is Up Nearly 25% Compared to Last Year
According to Realtor.com, more homes are hitting the market, and experts predict another 10-15% increase in inventory this year.
🏡 What This Means for You:
- More choices – The best selection of homes in years.
- Less competition – Fewer bidding wars than before.
- Better negotiating power – Sellers are more open to price adjustments or concessions.
💡 Bottom Line: If you’ve been waiting for a time when you have more options, this could be the moment.
3. Are Buyers Still Buying?
With mortgage rates and prices where they are, some sellers assume buyers have disappeared. But the data tells a different story.
📈 Home Sales Are Still Happening—Every Minute!
While last year’s market wasn’t as fast-paced as 2021 or 2022, 4.24 million homes still sold, according to NAR. That breaks down to:
✔ 11,616 homes sold per day
✔ 484 homes sold per hour
✔ 8 homes sold every minute
Even in the time it took you to read this, 8 more homes were sold.
💡 Bottom Line: Buyers are still out there, actively looking for homes like yours. With the right pricing strategy and marketing approach, your home can be one of them.
Final Thoughts: Get the Answers You Need
Uncertainty shouldn’t hold you back. If you’ve been hesitant to sell because of unanswered questions, it’s time to talk with an experienced real estate agent who can break down the facts, market trends, and your options.
📢 Curious about how much equity you’ve built? Want to see what’s available in your area? Let’s connect and discuss your next steps!