If you’ve been debating whether it’s the right time to sell your home, you’re not alone. Many homeowners are weighing their options, asking questions like, Does it make sense to move in today’s market? or Will I even find a home I love? These are valid concerns -and we’re here to help you tackle them head-on.

Is It a Good Idea to Move Right Now?

You might be hesitating because of higher mortgage rates, but if you’re already a homeowner, your equity could make a big difference.

What is equity? It’s the current market value of your home minus what you owe on your loan. Over the past few years, home values have appreciated significantly, giving most homeowners a big equity boost. 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.”

This equity could be the game-changer for your next move. A larger down payment on your next home means borrowing less, which could offset higher interest rates. In some cases, your equity might even allow you to buy your next home in cash, bypassing the mortgage rates altogether.

Can You Find a Home You’ll Love?
Low inventory has been a challenge for years, but today’s market is shifting. The number of homes for sale has increased by nearly 30% year-over-year, according to Realtor.com. While inventory hasn’t fully returned to pre-pandemic levels, it’s at its highest point in years.
This means you’ll have more options for your next move, and your current home will still stand out to buyers. However, housing trends vary by area, so working with our expert agents is key to understanding your options.

Bottom Line
If concerns about mortgage rates or finding your next home have been holding you back, it’s time to reevaluate. Your equity and the growing inventory could make now the perfect time to sell.
Let’s connect so we can explore your unique situation and help you take the next step toward your real estate goals.