submitted by Kathleen Layton, Prudential Fox & Roach, Realtors – Newtown Office
Moving is one of the top five stressors in life, weighing in after death, illness, divorce and job loss, so most people don’t enter into the real estate market lightly. They ponder, contemplate, argue and look for signs from above before reaching a decision, which rarely comes easily. If you’re considering making a move, here are some factors to consider:
- You, your family and your stuff are starting to make you feel claustrophobic – and you don’t see it getting better any time soon. If you can’t store another thing under the beds and your seven-year-old is still sleeping in his toddler bed in a room with his two older brothers, it may be time.
- The house and grounds are starting to get the best of you, and keeping up with maintenance is becoming a challenge. Don’t let your largest single asset start to deteriorate.
- Your up and coming neighborhood still hasn’t arrived, or is gradually becoming down and out.
- You’re using the equity in your home to get you through a “rough patch” that has lasted way longer than it should have.
- You had always considered this home to be a stopping point, not a destination, and have the financial ability to move up to your dream home.
If you’re a move-up buyer, it’s time to get off the fence and into the market NOW, while interest rates are still low and prices, while starting to increase, aren’t moving sharply upward. If you’re downsizing, it’s still a great time to sell as inventory levels are low and well-priced homes in good condition are selling quickly. The market has started its rebound no matter how you look at it. You’re not getting any younger – it’s time to move forward with your dreams and plans.