WHY BUYING A MOVE UP HOME IS A GOOD IDEA THIS SUMMER

WHY BUYING A MOVE UP HOME IS A GOOD IDEA THIS SUMMER

June 19, 2017

Does gaining an extra bedroom or separate family room for TV viewing feel like an impossible dream to you right now?  It doesn’t have to be.  In fact, this summer selling season just might be the perfect time to put that starter home you’ve been holding tight to up for sale!

Getting on board with the idea of selling the starter and moving up has been difficult for many current homeowners for a variety of factors. One is a perception that homes have yet to recover their value. If you purchased just before the housing crash, you may not be aware that most homes have reached and exceeded pre-crash price levels.

Another is mortgage rates. Many homeowners were able to refinance their loans while rates were low and – though they remain lower than historical norms – these potential sellers fear they won’t be able to get as good a deal, if they move now. Finally, and perhaps most significantly, current homeowners are less likely to put their homes on the market if they feel they won’t be able to find a house they like in their price range.

There is no denying that the challenges of the current real estate market are real.

Reasons, solid, strong financial reasons to move forward with your move up plans are just as real.

The tight inventory levels that almost guarantee minimal competition for the many buyers in the market is just one of the excellent reasons NOW is a great time to sell!

Here are a few other excellent reasons:

  • A consistent surge in buyer demand
  • High sale prices
  • Mortgage rates at historic lows

These are just three at the top of the list. Fast closing times may or may not be a motivating factor depending on your personal situation.

You already know the benefit of owning your home; maybe it’s time to imagine the joy of owning the home of your true dreams.  That is worth overcoming the struggles of this marketplace. With the assistance of your local marketing specialist, your reality can easily include that extra bedroom and a large family room!

Give me a call or send an email if you'd like more detailed information on either selling or buying!

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