There has been a lot of talk lately about home selling conditions. People say prices will rise (or fall), rates will go up (or down), there will be a recession (or not). Clearly, no one knows. The only thing we know for certain is that prices are still high, and buyers are still buying. So, if you’ve been on the fence about selling, here are a few good reasons to make the leap in 2023:
1. Your home is paid off and you’re looking to downsize. Maybe you’ve been waiting through COVID before moving. You might now be in the best position to sell high and have more equity to buy your cozier dream home.
2. You want to invest the money elsewhere. Again, while prices are high, you may want to sell and use that money for a different purpose. You may want to buy an investment property, fund a business, or travel the world.
3. You’re not quite ready to retire, but you want to capture all the money you can while prices are high. You may need to rent for a while, but that pain might be offset by having a big nest egg in the bank.
4. You can no longer comfortably afford your mortgage. If you’ve had to reduce your income, you may want to sell while you have a choice and prices are high. The good news: there’s not a lot of competition, so there’s a chance for a quick offer.
If you think it’s time to sell, get in touch to get the ball rolling. ~Valerie, (718) 399-3320