10/10/2024
If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. 32% of those moving have those exact goals in mind, making it the top motivator for today's homebuyers according to a recent Inman Survey!
It's actually a great time to move. Here's why:
If you’ve been in your home for a few years, you’re probably sitting on a significant amount of equity. You can put that toward the down payment on your next home, helping keep the amount you borrow within a comfortable range. If you’re curious how much you’ve built up over the years, ask us for a professional equity assessment.
Lower mortgage rates can help make your future monthly payments more manageable, and they also increase your purchasing power. As Nadia Evangelou, Senior Economist and Director of Real Estate Research at the National Association of Realtors (NAR), points out: “When mortgage rates fall, the interest portion of monthly payments decreases, which lowers the total payment. This makes it easier for more borrowers to . . . qualify for mortgages that may have been unaffordable at higher rates.” That gives you more flexibility when shopping for homes and may allow you to afford a house at a price point that was previously out of reach.
If you’re ready to sell your current home and find the bigger, nicer home you’ve been dreaming of, we can help! Your equity, paired with lower mortgage rates, puts you in a great position to make that move!
To make the best decisions and get the most out of your current market advantage, let’s connect so you have an expert guide through every step of the home buying process.