Should I Sell My House in 2022?
If you own a home or a property in Anaheim Hills or anywhere in Orange County and thinking about 2022 this is February 22. Is this a good time to sell? Great question.
If you’re thinking of selling a property in Anaheim Hills, Orange County, or anywhere in the US, these tips pretty much apply, because that’s the general trend right now. So let me give you a tip number one why this may be a good time to sell.
The number one reason is there is strong buyer demand. Despite the skyrocketing high prices, buyers are still buying in 2026, and a half million homes sold in 2021, 7 million homes sold. So there’s a big demand despite the high prices and low inventory. So if you want to cash out with the highest price possibly may drop next year, who knows this may be a good time to sell and buy another house or do an exchange or use your equity for something else.
Homes are selling according to the Multiple Listing Service, which I’m a member of homes are selling in Anaheim Hills within five to six days, even with these high prices. So if you’re a seller, like the old traditional times, you don’t have to wait two months three months have open houses every weekend of people coming in your house, you do an open house one day, probably Saturday from one to four. And I can assure you if it’s marketed right in price, right, your home is going to sell within a few hours, if not within a few days. As I mentioned earlier, homes in Anaheim Hills are selling within five or six days. And this trend is throughout Orange County.
The next tip in this high price market is when you list a home at fair market value and of course, you’re going to elicit pretty good price homes are selling on average three to 5% more than the list price. Obviously, the list price has to be fair market value. And even the fair market value homes are pretty high right now there’s an example and Anaheim Hills where the median home price is a million dollars these days, if you listed at a million dollars, you’ll probably end up selling it for 1.1M or so or three to 5% more if it’s remodeled. And if you have a view and if you have an extra slot, you’ll even get a lot more.
Another reason to sell now is you’re going to get a lot more than the list price or you’re going to get a lot more when the neighbor just sold. One of the things that sellers prefer not to do when it comes time to sell a home. Whether it’s a normal market or a hot market is sellers don’t like Bruce of the house, clean up the house, change the flooring or change the carpeting. But the good news is in today’s market, buyers are buying anything. So if you have an older carpet, older paint, you don’t really have to do it, you can just sell it as it is. But if you want to do all the upgrades and upkeep, which I do recommend you will get a higher price. But on the other hand, once you’re in escrow, this is a great tip. By the way, once you’re in escrow in today’s market, the buyers may do an inspection. And in a typical market or in a normal market, the buyers will request for you to do the repairs later the AC is not working or the stove is not working. But in this market, if you tell them you’re not going to do it, you don’t have to do any repairs and they’ll still pay the price that you want. The only thing that we recommend that you do when you do sell your house is doing the fire code and safety items that are required by the state of California. That’s the only thing you have to do if you don’t want to do but if you want to sell those that you want to give the best house to your buyers feel free to repair those.
And this next tip is in this market because the home prices are going up every 2030 days the appraisals are not coming into value. So as I mentioned to you earlier, let’s say you listed your house for a million dollars in Anaheim Hills or anywhere and it sold for 1.15M which is a big reality when they get the loan and when they do the appraisal, let’s say the appraisal came in at $1,050,000. In other words, if you sold for 1.1M, the appraisal came at 1.05M the buyer is 50,000 short on the appraisal. In this case, the buyer will have to come up with the extra $50,000 on top of the down payment which is pretty normal these days. So the other advantage of selling now is if you get the price that you want or more price than you expected, you don’t have to worry about appraisal because you find a buyer that’s going to pay the difference. So hope these tips help and let me give you a bonus tip is that let’s say you’re a seller and say hey look, if I sell my house and I have to buy another house, I’m going to go to the same thing. The good thing is the prices have jumped 30% – 40% In the last four or five years so you have a lot of equity. So yes when you buy you’re going to pay a lot of prices but if you take all this equity from your house and put it in the other. House your payments may not be that high. The other thing is buyers are allowing you as a seller to stay in the house one to three months so you can find another house and there are other good things are the tips. I