Don’t Let These Two Concerns Stop You from Selling Your Home

Are you thinking about selling your home but feel uncertain about whether now is the right time? You’re not alone. Many homeowners hesitate because of questions like:

• “Does it make sense to sell with today’s mortgage rates?”
• “Will I be able to find a home I really love?”

Let’s tackle these concerns so you can move forward with confidence.

Is It a Good Idea To Sell and Move Right Now?

You might worry about selling and then having to buy with a higher mortgage rate. But don’t forget your biggest advantage: your home equity.

What is equity? It’s the current market value of your home minus what you still owe on it. Over the past few years, home values have risen dramatically, giving most homeowners a significant equity boost.

Here’s a surprising stat: The average homeowner now has about $315,000 in equity, which is $129,000 more than before the pandemic, according to Dr. Selma Hepp, Chief Economist at CoreLogic.

Here’s why this matters:

• You can use that equity to make a larger down payment on your next home.
• This can help you finance less, even at today’s rates.
• In some cases, you might even buy your next home outright in cash and avoid a mortgage altogether.

Your equity could be the key to unlocking your next move, making it more affordable than you think.

Can I Find a Home I Love?

Another common worry is whether you’ll find the right home, especially after the challenges of recent years when housing inventory was at historic lows.

The good news? Today’s market is different.

The number of homes for sale has increased significantly. Data from Realtor.com shows housing inventory is up by nearly 30% year-over-year. While inventory levels are still below pre-pandemic numbers, this is the highest it’s been in years, giving you more options.

This is a great position for you as a seller:

• Your home will stand out to buyers.
• You’ll have more choices when it comes to finding your next home.

Tip: Inventory trends can vary depending on your local market. That’s why working with a local expert is so important.

Bottom Line

If worries about mortgage rates or finding a new home have been holding you back, it’s time to rethink your options. With the right strategy, you can sell confidently and find a home that works for your lifestyle and budget.

The Padernacht Real Estate Team is here to help you every step of the way. Let’s discuss your unique situation, review your equity, and explore the opportunities in today’s market.

?? Visit us at www.padernachtrealestate.com

?? Reach out today—we’re ready to make your next move a reality!