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Don’t Let These Two Concerns Hold You Back from Selling Your House
If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won't find a house you like. To put your mind at ease, here’s how to tackle these two concerns head-on. Is It Even a Good Idea To Move Right Now? If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity. Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains: “Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.” Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether. The bottom line? Your equity could be the key to making your next move possible. Will I Be Able To Find a Home I Like? If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available. But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it's up almost 30% year-over-year (see graph below): And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you. It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. Bottom Line If you’re thinking about selling, hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore. Let’s connect so you have the data and the local perspective you need to move forward.
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Awesome Scottsdale Home Without HOA and Voted as Best Outdoor Space under $600K or Trade Features: Large Front and Backyard New Roof Exterior Paint Get GUARANTEED Multiple CASH offers on your home TODAY for 100% of market value or we'll pay you the difference!* Comment or text us "𝐂𝐀𝐒𝐇 𝐎𝐅𝐅𝐄𝐑" to get the link to receive your cash offers within minutes.*********************Unlock Your Dream Home 🏡 with Heidi Spielman Dream Homes Team! 🗝️ Let Us Turn Your Vision into Reality. Move up to any one of my listings and I’ll Buy Yours!*conditions apply 📞 Call Heidi Spielman 480-414-8902 and Start Packing! Your Home Sold Guaranteed or I'll buy it* *This home shown may not be available.
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REVIEWS
- Vanessa PearsonI’ve worked with Heidi for years and she is hands down one of the best most and most experienced realtors in the industry!
- Brenda LeCatesHeidi is top notch! She always goes above & beyond for her clients. Heidi is an expert in the real estate industry & keeps herself educated on the current trends to help her clients get the best possible offer, whether they are selling or buying. She is an excellent negotiator & always has her clients best interest in mind. I highly recommend Heidi for all of your real estate needs. Her level of service & care is exceptional & you will not be disappointed.
- Pastor Ray ConnorHeidi is a phenomenal realtor. She is knowledgeable, not pushy and very easy to work with. She sold our home in 3 days and found the home we purchased two days later. Carly and I would highly recommend Heidi to be your realtor.
- Donita GreenWe have worked with Heidi Spielman several times and have always been happy with the experience. She does everything she can to help her clients and always has their best interests in mind! She’s great!!
- David ShortWe have worked with Heidi a number of times and in dfferent compacities. Always professional, helpful and kind - looking out for our best interests. We would highly recommend Heidi as your realtor.
- Michella ReynoldsWe started our journey with no realtor we slowly realized buying a house for the first time is complicated and so much we did not know. We reached out to Heidi and everything changed for us for the better. Heidi was simply amazing , friendly, knowledgeable, watched our back with all the contracts and paperwork, and answered every question no matter how many times we reached out. We are moving into our new home in August and could not have done it without Heidi. Not only are we clients but we are friends. I would highly recommend Heidi for all your real estate needs you won't regret it.
- Joy SoldiHeidi Sold my mobile for more than I ever thought! Heidi is an amazing realtor, I have moved out of state, but if in Az. would recommend her above anyone else. Thanks Heidi!
- Debrah EkisThank you so much for your help Heidi with the buying and selling our home. You made the process simple and easy and we appreciated your patience and expertise. Your insight was extremely valuable to us and I don't think we could have done this without you. John & Deborah highly recommend Heidi Spielman as your realtor.
- Erica TordilWe had such a great experience selling our home. Heidi made sure the home looked great with excellent staging advice and gave quality recommendations that helped us get top dollar for our home. We had to leave before the closing and it was so comforting to know Heidi and her team were there to take care of all the details to ensure a smooth on-time closing, She make sure to keep us updated and thank you Laiza for always sending us the report weekly. -Erica T.
- kyoHeidi and her marketing manager Ralph were excellent communicators and helped us sell our home from a far at a great price with very little effort on our part.