As the housing market experiences its busiest season of sales since 2006, some say now is the time to list your existing home and upgrade. According to Lawrence Yun, Chief Economist of the National Association of Realtors®, the housing markets is in dire need of new property inventory. Yun says, “The key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers.” So how do you know it’s time to upgrade?
Thinking of Moving Into a Bigger Place? You Need A CMA
While it may currently be a seller’s market, (where the current supply of homes can’t meet the demand of the market) homes with large price tags are at a disadvantage. Unless your home is in great condition or in a sought after location, you should keep your home priced right relative to other properties in the area. Call me today for a comprehensive market analysis to see how much your home is worth. Let’s explore your options!
How’s Your Credit? Perfect My Credit Can Help
The most competitive interest rates usually go to buyers with credit scores above 700. Additionally your credit score will influence the type of loan you can get. If you’re interested in building your credit or need help removing some marks off your record, I have a trusted resource. Perfect My Credit is a fabulous online educational resource with information and tools designed to help you achieve the goal of better credit. Feel free to reach out to me for more info, or visit PerfectMyCredit.com.
Find a Mortgage Option That’s Right for You
You need to be prepared and proactive before going out and looking for homes. It’s always a great idea to get pre-approved for a home loan as you will have the advantage over other buyers. Lending laws are always changing and getting a mortgage might be a lot different than when you last bought a home. I have great mortgage advisors on my side at Stanford Mortgage who can find the perfect loan for you. I can always connect you with a trusted Mortgage Advisor, just let me know if you need one!
Choosing Your Next “Home Sweet Home”
It’s important to find a balance between what feels right and what you can afford. Whatever the situation be careful that you don’t overpay just because you can afford it. Be sure to research neighborhoods that appeal to your lifestyle, assess how much space you really need, and choose a home that will ultimately make you happy. If you are interested in receiving alerts when new homes go on the market in your neighborhood or even across town, I can set you up.
If you’re ready to sell I urge you to move quickly and think about putting your home on the market this spring. In fact homes sold in late spring typically sell faster and for slightly more than the average listing. If you would like to go over your options don’t hesitate to contact me today!