If you’re on the fence about selling your home, you’re not alone. Many homeowners are wondering if it’s the right time to move in today’s market. Concerns like higher mortgage rates or finding the perfect new home can feel overwhelming. But don’t let the “what-ifs” hold you back—here’s how to tackle these concerns with confidence.
1. Is It a Good Idea To Move Right Now?
If you’re worried about trading your current mortgage for a higher rate, your equity might just be the game-changer you need. Over the past few years, home values have skyrocketed, meaning many homeowners have built substantial equity.
According to Dr. Selma Hepp, Chief Economist at CoreLogic, homeowners now average $315,000 in equity, with about $129,000 gained since the pandemic began.
What does this mean for you? That equity could help you:
- Put down a larger deposit on your next home, reducing the loan amount you need.
- Potentially buy your new home in cash and avoid mortgage rates altogether.
- Your equity could turn the prospect of moving into a realistic and financially savvy decision.
2. Can I Find a Home I Like?
You may remember the intense competition for homes over the past few years, with limited inventory making the search feel impossible. But times have changed!
Inventory is up nearly 30% year-over-year according to Realtor.com, giving buyers more options. While supply hasn’t reached pre-pandemic levels, it’s at its highest in years.
This means:
- More opportunities to find a home that suits your needs.
- Your current home is still in demand, allowing it to shine in today’s balanced market.
- Of course, trends vary depending on the local market. That’s where a trusted real estate agent comes in to help you navigate what’s available in your area.
Bottom Line
Selling your home doesn’t have to be a stressful, “what-if” situation. With today’s increased equity and growing inventory, your move may be more possible than you think.
If you are looking for some of the best realtors in Atlanta, we’ve got you covered. Let’s connect so we can provide personalized insights and guide you through your next steps. If you’re not in Atlanta, we’d be happy to introduce you to one of best real estate agents near you. You and your loved ones deserve the best, no matter where home is!
