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

Thinking about selling your home but feeling hesitant? It’s common to have questions holding you back. Perhaps you’re wondering if moving right now is a smart decision, or maybe you’re concerned about finding the perfect place to call home.

Let’s address these two key worries and show you how to move forward with confidence.

Is Now the Right Time To Move?

If you’re a homeowner, the idea of selling might feel daunting—especially if you’re worried about higher mortgage rates for your next home. But your move may be more achievable than you think, thanks to the equity you’ve built.

What’s equity? It’s the difference between your home’s current market value and the remaining balance on your mortgage. Over the past few years, rapid home appreciation has significantly boosted homeowners’ equity.

Consider this: According to CoreLogic’s Chief Economist, Dr. Selma Hepp:

“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.”

This equity can be a game-changer. You can use it as a larger down payment on your next home, reducing how much you need to finance. In some cases, it could even enable you to buy your next home outright, sidestepping higher mortgage rates altogether.

The takeaway: Your equity could be the key to making your next move affordable and realistic.

Will I Be Able To Find a Home I Love?

Low housing inventory in recent years made finding the right home a challenge. If you’re worried about this, there’s good news: inventory levels are improving.

Recent data from Realtor.com reveals that the number of homes for sale has grown significantly—up nearly 30% compared to this time last year. While inventory hasn’t fully returned to pre-pandemic levels, it’s the highest it’s been in quite a while. This means more options for buyers like you.

However, the balance between supply and demand varies across local markets. That’s why working with a trusted real estate agent is essential. They’ll provide insight into the inventory trends in your area and help you navigate the options.

Bottom Line

Don’t let concerns about timing or availability hold you back from selling your home. Your equity and improving inventory could make this the right time to make your move.

Let’s connect so I can help you explore your options and guide you through the process with confidence.