To Sell or Not To Sell?

There are plenty of factors to examine in our ever changing real estate market these days. The most important things to look at are your reason for moving and interest rates.

First ask yourself why you want to sell your home. Maybe you are looking to upgrade to something better, or maybe it is for relocating for a job or to be closer to family. You might be looking to downsize at this point. There could be any number of reasons, but it is important to really analyze your reason.

If you are upgrading to a more expensive home or buying around the same price range, then the current market is perfect for your plans. Although you may be taking a loss on the sale of your home in the current market, you are going to incrementally save more in this buyers market on the purchasing end. The low interest rates these days will most likely be better than your current mortgage rate which will have a direct effect on your payment amount. You’ll get “more bang for your buck,” as they say with the falling interest rates. So it can definitely be a win-win situation in these cases. I recommend speaking with a Realtor to see how your situation stacks up, and how much your home is worth in the current market.

Those looking to downsize need to assess the situation with a Realtor to see what the best option or plan would be for your needs in the current market. Realtors, otherwise known as Real Estate Consultants, are usually well versed in people’s life changing plans and can offer a lot of insight on any situation.