01/15/2025
I'll be honest, it's NOT a good time to buy or sell for a lot of folks. But there are 5 reasons people will still move this year, even with high interest rates & low inventory:
1) Job Change. Let's be real, the economy doesn't care if you have the home of your dreams locked in at a 3% interest rate. If work changes, you have to make a change too. Sometimes, folks decide to rent their homes out because their mortgage rate is so low, but most of the time, people need the equity in their current home to buy the next one.
2) Wedding Bells. Starting a new life together means living together too! In some cases, this means first-time buyers looking to purchase a home. But if both are already homeowners, a marriage means one person needs to sell their home, since they'll move in together.
3) Babies. See #2. 🙂 It doesn't matter if the economy is "good" or "bad," people still have babies. And a crib in your bedroom is fine, but when that baby starts to grow, you'll need more space.
4) Divorce. When a couple separates, it often involves figuring out who gets to keep the home and who moves out. Or sometimes, the best course of action is to sell and split the money.
5) Death. When a loved one passes, the family can face some big decisions when there is a home involved. Especially when it comes to estates, it's important to make sure you have an experienced agent to guide you through the process and know the best options available.
Now, even in a tough market like this, some people will absolutely just move because they want to…not because they have to.
But for the average person here in the Holly Springs area, a move is happening right now because of one of the reasons I listed.
At the end of the day, it doesn't matter what the economy is like, or whether it's a seller's market or a buyer's market.
Life happens, and you'll need to move.
So, if you have any questions, or know anyone who might, feel free to pass along my info to them. I'm happy to help.
- Jamie
P.S. You can message me here, or my personal cell number is (559) 707-1913.