Sell Maryland Home

Should You Sell Your Maryland Home in 2022?

Should I sell my Maryland home in 2022? It’s a question many homeowners are asking themselves, especially after home prices rose so rapidly in 2021. Deciding to sell your home is no easy decision. First off, homes hold many memories and therefore have a significant sentimental value. Secondly, when you finally decide to sell it, you can’t help but wonder whether you’ll get the best deal on your home.

Factors to Consider Before Selling Your Maryland Home in 2022

While it’s not possible to predict the future entirely, we can analyze the factors that affect home prices in the real estate industry to help us discern whether 2022 is a good year to sell your Maryland home.  

Market trends

The first important consideration is the market trend in the recent past. 2021 was a great year for home sellers. The prices rose by approximately 20% compared to the previous year. 2022 is still a seller’s market as real estate prices are growing, although at a slower rate.

The second consideration is mortgage rates. Lower mortgage rates attract more buyers as they can get a better house with less money. The opposite is also true.

Rising mortgage rates

Mortgage rates will be rising in 2022. The year started with an average of 2.65% interest. However, The Mortgage Reports predicts that 30-year mortgage rates could rise to between 3.5% and 4.1% and 15-year mortgages to between 3.0% and 3.5%.

This might present a problem because, with the increase, the rates might reach a fall-off point where it is no longer favorable for many buyers to finance home purchases through mortgages. This might then flip the market on its head, decreasing the demand for homes and causing a price drop.

So, all factors considered, should you sell your Maryland home in 2022?. The answer is yes, and you should do it as soon as possible. You never know what the future holds. The market can change drastically and cause a reduction in real estate prices.

Should You Sell Your Maryland Home for Cash?

Buyers are often conflicted on whether they should sell their home for cash or through a realtor. While the method has its pros and cons, selling your home for cash in 2022 is a good option if the following factors are true for you:

  • You don’t have enough time to clean and polish up your home for viewings
  • You don’t wish to incur repair costs ahead of selling your home
  • You’d like to close the deal as soon as possible
  • You don’t wish to pay fees and commissions to realtors
  • You wish to sell your home with the least amount of stress
  • You haven’t been able to pay your mortgage payments and are facing foreclosure

Sell Us Your Maryland Home in 2022

Home Buyers Express buys houses in any conditions. We don’t charge any fees, commissions, or repair fees. Our process is also relatively straightforward. You’ll only need to go through the following four steps to sell your Maryland home in 2022.

  • Speak with an expert
  • Schedule an appointment
  • Receive a fair cash offer
  • Choose your closing date

If you wish to take advantage of the seller’s market that is 2022, call us at 410-274-9678 or get in touch through our website to speak to a professional.

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