Why you should sell your house in 2022?

Home prices are super high The Federal Housing Finance Agency reports that U.S. home prices were up 18.5% during 2021's third quarter. Chances are, home prices will remain high well into 2022. That gives you, as a seller, a prime opportunity to make a decent chunk of money once you list your property.

fool.com - 3 Reasons to Sell Your Home in 2022 - The Motley Fool

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Many or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. You may find that 2022 is an optimal time to put your property on the market.

Key points

Many sellers have held off on listing their homes during the pandemic.

It could work to your benefit to sell your home in the new year. To say that it's a seller's market right now would be an understatement. Ever since mortgage rates dropped to historically low levels in 2020, buyers have been clamoring to purchase homes. If you list your property in 2022, there's a good chance someone will bite. But that's not the only reason to consider selling in the new year. Here are three more that may prompt you to list your home.

1. Home prices are super high

The Federal Housing Finance Agency reports that U.S. home prices were up 18.5% during 2021's third quarter. Chances are, home prices will remain high well into 2022. That gives you, as a seller, a prime opportunity to make a decent chunk of money once you list your property.

2. There's not a lot of competition

We're starting off the new year with a housing market that's seriously lacking in inventory. The result? If you list your home, you probably won't have much competition. That could set the stage for a quick sale at a price you're happy with. In fact, you may find that due to limited inventory, your home winds up in a bidding war. That could leave you with a much higher price than your initial asking price. 3. You may no longer need to pay a premium for office proximity You may have purchased an expensive home back in the day to cut down your commute time to your office. But at this point, many people have been working remotely for almost two years, and companies are starting to reconsider whether employees actually need to show up to an office. If you're granted permission to work remotely on a long-term basis, you may not need to carry such a large mortgage for a home that's in a prime location. Instead, you could sell that home and buy a more affordable one elsewhere.

Ask yourself this question before selling your home

Clearly, there are plenty of compelling reasons to sell your home in 2022. But before you do, ask yourself: Where will I go next?

If you'll be selling a home and downsizing to a smaller space, or moving to a more affordable city or suburb, then listing in 2022 could make a lot of sense. But if you're thinking of selling your home to buy a comparable or larger one nearby, then you may run into the same issues buyers today are struggling with – high prices and limited inventory. In fact, if your goal is to upsize, you may find that you're unable to do so, even if you do make a nice profit on the sale of your own home. This isn't to say that listing your home in 2022 is a bad idea. Quite the contrary – it's still very much a seller's market. But before you list, think about how well you're apt to fare once the sale of your home creates a scenario where you've become a buyer.

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How long do tiny homes last?

With proper maintenance, your home on wheels can last over 30 years. Ultimately, your tiny house is a durable, affordable housing option that can last you a lifetime.

spindrifthomes.com - How long does a tiny home last? Tips for tiny home durability!

Tiny homes are trendy right now. But what do they look like in ten years? It’s a valid question—you plan on living here! The durability of a home on wheels might surprise you. Whether you plan on a two or ten-year stint in a tiny home, you'll be okay. Well-built tiny houses last for decades.

Do tiny houses degrade faster than traditional ones?

Some wear and tear are unavoidable for a home of any size. Constant human presence affects every home, especially if you have kids or pets! But is it true that a tiny house degrades faster than a traditional home?

Not necessarily.

When we first looked into tiny houses, the word "durable" wasn't the first descriptor that came to mind. But despite its unassuming size, a tiny home can last as long as a traditional house if it's structurally sound and built with the right materials. Here are a few factors to keep in mind when considering the longevity of your home:

How often you move your house

The type and quality of materials used for your house

Build quality

Number and age of occupants

Climate severity

It's also worth noting that repairs are more cost-effective for tiny homes—220 square feet of flooring is 90% cheaper than the 2,200 you might need for a traditional house!

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