Thinking About Selling? Let’s Tackle Your Biggest Concerns
If you’re on the fence about selling your home right now, you’re not alone. Maybe you’re wondering if moving makes sense in today’s market. Or you’re worried you’ll sell your house but then struggle to find one you actually love. Sound familiar?
Let’s break down those concerns so you can feel confident about your next move.
Is It Even a Good Idea To Move Right Now?
I get it—trading your current mortgage for today’s higher rates might make you pause. But here’s the deal: your home equity could be your secret weapon.
In simple terms, equity is what your home is worth today minus what you still owe on it. Thanks to the crazy home price growth over the last few years, your equity has likely skyrocketed. How much? On average, homeowners have gained about $129,000 in equity since the pandemic began (shoutout to Dr. Selma Hepp at CoreLogic for this gem of info).
Here’s why that matters:
- More equity = a bigger down payment on your next home.
- A bigger down payment = borrowing less at today’s rates.
- In some cases, you might even have enough equity to buy your next place in cash (no mortgage rates, no problem).
Bottom line: That equity you’ve been building could make your move way more doable than you think.
Will I Be Able To Find a Home I Like?
If you’re stressed about low inventory, here’s some good news: the market has shifted. There are 30% more homes for sale now compared to last year.
While we’re not quite back to pre-pandemic inventory levels, this is the best it’s been in a while. Translation? You’ve got more options to choose from, but it’s still a seller’s market. That’s the sweet spot—your house stands out to buyers, and you have a better shot at finding a new home you love.
Of course, inventory varies depending on where you live. That’s where I come in—to help you navigate the local market and understand what’s really out there.
Ready To Move Forward?
Don’t let “what ifs” hold you back. With your equity and the current market trends, you might be in a better position to sell and buy than you realize.
Let’s chat about your goals, crunch the numbers, and see if now’s the right time to make your move. You deserve to feel confident about this next chapter!
