What can sellers expect in the 4th quarter of 2022 going into 2023

October 27,2022 | Posted By Sam Hejazi in Selling

A strong seller's market will continue, but compared to 2021, there will be a smaller likelihood of a bidding war driving up your sale price.
Get ahead of preparing to sell your home. Repairs and upgrades are taking longer to schedule due to shortages of supplies and labor.
Sellers may no longer be aggressive in dictating terms, such as waiving appraisal and inspection contingencies or demanding generous lease-back terms.
Interest rates are expected to continue increasing, minimizing the purchasing power of would-be buyers. Delaying the sale of your home may result in a lower sale price.
Pricing your home based on up-to-date market comparison is imperative. Overpricing your house will result in delays and ultimately hurt your sale price in the long run.

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