The Importance of “Why” When Selling Your Home
An ultimate statement of irony, yet true, is the only constant is change. If you are thinking of selling your home right now, it is likely due to something in your life changing. The importance of the ‘why’ you want to sell is important. If someone is hesitant to sell due to fluctuating mortgage rates or inflation – it’s important to remember why selling seemed like a good idea to begin with.
The Rates Effect
Current homeowners who have a locked in 30-year fixed rate in the 2-3% range are not necessarily willing to move and buy at a rate in the 6-7% range. That’s perfectly understandable in regard to budgeting. Sometimes, however the reasons to sell or move are more important than a rate percentage.
(There are many websites to compare mortgage rates as they fluctuate such as this one: https://www.bankrate.com/mortgages/mortgage-rates/ )
Why Sell to Begin With?
Some things require the need to outweigh the cost such as relocation for work, education etc. Retirement and the rise of inflation may make downsizing a benefit for both maintenance and costs. Relationship changes such as marriage and divorce and health concerns and accessibility are also other factors which contribute to buying and selling. All of these needs come with high emotions and often a lot of questions and details. This is where your caring realtor shines.
Who can help?
Working with a real estate professional is not only about negotiation, legalities, paperwork and contracts. Deciding to sell your home is a very personal decision and requires someone you can trust with not only the knowledge and experience to take you through the process, but also to be fully present for the questions that may arise in all areas of your life and finances before, during and long after you have decided to sell. We realize this and are here for you and your unique situation. If you are contemplating selling your home, reach out to us and let’s get all the information so you can make the most informed decisions for you.
Your Caring Realtor®,