"We want more space. But if we sold our home, how could we afford to move?"




That's a question I hear often. A recent KeepingCurrentMatters article, that I have summarized, identifies 4 important points below.

So how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. You may not realize it...but the opportunity to get the best of both worlds is already here.

You don’t want to wait until spring to spring into action. The current market conditions make the remaining winter months an ideal time to get started on a move. Here’s why:

1. The Number of Homes on the Market is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market than there are homes available. Listing your house now makes it the center of attention. Priced correctly, you can expect your house to get multiple strong offers and sell quickly this season.

Experts project more inventory will come to market as we move through the winter months. The realtor.com 2022 forecast says this:

“After years of declining, the inventory of homes for sale is finally expected to rebound from all-time lows.”

Selling now may help you maximize the return on your investment before your house has to face more competition from other sellers.

2. Your Equity has been Growing in Record Amounts

Current homeowners are sitting on record amounts of equity thanks to today’s home price appreciation. That equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your own home search, rest assured your equity can help fuel your next move. And, from the seller's position, it's common to require a leaseback, giving yourself extra time to identify your next home.

3. While Rising, Mortgage Rates are Historically Low

Rates are starting to rise, but that doesn’t mean you’ve missed out on locking in a low rate. Current mortgage rates are still far below what they’ve been in recent decades.
Even with mortgage rates rising above 3%, they’re still worth taking advantage of. You just want to do so sooner rather than later. Experts are projecting rates will continue to rise throughout this year, and when they do, it’ll cost you more to purchase your next home.

4. Home Prices are Going to Keep Rising with Time

According to industry leaders, home prices will also continue appreciating this year. While experts are forecasting more moderate home price growth than last year, it’s important to note prices will still be moving in an upward direction throughout 2022.

What does this mean for you? Consider getting ahead of the curve by purchasing your next home before rates and prices climb higher.

Whether or not the present time is right for you, I am happy to provide professional resources. We can keep you current on local real estate trends and help size up your equity position.


Bill Diebenow
Phone | +1.615.337.3660





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