Most of the country’s real estate market is strong as the demand outpaces supply. The resale market has been affected because selling a home to move sideways or downsize may cost more than staying put due to high interest rates. This dynamic may change with a shift in fiscal policy so if you are thinking of moving, timing is everything.
Beat the rush back into the market and avoid bidding wars by being prepared.
- Get your finances in order,
- Talk to a lender, and
- Review a market analysis with an experienced local agent.
Do some ground work to align your needs and wants with what is available and where you wnat to be. Moving out of your local area, be sure to consult a local agent in that market – don’t bring your urban agent to the suburbs, or the reverse.
Try to avoid the internet hype and know your home’s equity firsthand. And NEVER take an instant cash offer without doing your homework on value and current market conditions. Remember, iBuyers are investors that pay WHOLESALE for your home – typically 12-18% less than true market value. It’s your equity – you earned it!
Contact me with questions & referrals regardless of where you live.
This is a good read: https://www.noradarealestate.com/blog/home-price-predictions-for-the-next-4-years-2024-to-2028/