Selling a home is proving to be not quite as easy as it was last year—or even six months ago, for that matter.
Between the news that we already seem to be slipping into an unofficial recession and a home market slowdown, many sellers are starting to feel like they’re up against an impossible task. The Federal Reserve’s most recent interest rate hike of 0.75% is expected to push up mortgage rates that had already reached a 20-year high, putting further pressure on a stressed market.
But if you’re in a position to sell, there’s absolutely no reason to give up hope! While you might not be able to bank on receiving multiple offers over your home’s asking price (the way we've seen over the last 2 years); but with a little foresight and strategic thinking, you’ll be scheduling the moving trucks in no time.