If you’ve been contemplating selling your home but feel stuck on the fence, you’re not alone. According to the Keeping Current Matters, two big questions often hold homeowners back: Is now the right time to move? and Will I be able to find a home I love? Let’s tackle these concerns and uncover why selling your home might be more feasible—and exciting—than you think.
Worried about higher mortgage rates on your next home? It’s a valid concern, but there’s good news: your home equity could hold the key to a smooth transition.
Over the past few years, home values have surged, giving many homeowners a substantial equity boost. Equity—the difference between your home’s current market value and the remaining mortgage balance—can significantly ease the financial impact of buying your next property.
Many homeowners today have accumulated hundreds of thousands of dollars in equity, which can be used to make a larger down payment on your next home. This strategy helps minimize the loan amount and can even enable you to buy your new home outright, avoiding higher mortgage rates altogether.
Low inventory may have been a challenge in recent years, but the landscape has shifted. The number of homes for sale has grown significantly, giving buyers more options. While inventory isn’t back to pre-pandemic levels, it’s currently higher than it has been in years—creating a unique opportunity for sellers and buyers alike.
More homes on the market mean better chances of finding a property that meets your needs. Plus, with a competitive edge in today’s housing market, your current home is likely to attract serious buyers quickly.
It’s worth noting that inventory trends can vary by location, so partnering with a knowledgeable local real estate agent is crucial for navigating your specific market.
Selling your home doesn’t have to be stressful or uncertain. By understanding your equity advantage and today’s improving inventory conditions, you can confidently plan your next move.
Ready to explore your options? Connect with Jason Buttorf to turn your selling dreams into reality.
source: www.keepingcurrentmatters.com