Unless you’ve been living under a rock, you probably know what a crazy real estate market we’re in. It heavily favors a seller right now with inventory low and values high. So, most folks are tempted to sell when they see what they could net from a sale. Then, unless you plan to rent for a year or so, or won the lottery recently, your next thought is, “yeah, but then I have to buy something else at these high values.” That is true, however, most experts are predicting home prices to continue to appreciate for several years. A recent survey of over 100 economists, real estate experts and investment and market strategists, estimate that home values will continue to increase as follows:
2021 – 6%
2022 – 4.5%
2023 – 4%
2024 – 3.6%
2025 – 3.5%
Using these annual projections and a $350,000 home for example, your net worth could increase by over $80,000 in 5 years, for an average of $16,000 annually. A pretty good investment if you ask me.
Here’s a scenario…
You sell now, pocket a bunch of $$$, downsize or upsize to your perfect home, and then watch the value of that home continue to climb! Yes, inventory is still low, but it’s improving each day. However, it might be best to have an interim living plan just in case your perfect home isn’t available when your sale closes. Or, I can try to negotiate a lease for you after your sale, but this may or may not be acceptable to the Buyer. If you allow me to show you what your net looks like, you may determine that it’s well worth the hassle and patience! So, why wait to find out?
If you’re ready for a home change, connect with me and I can crunch YOUR numbers and define a strategy for you to take the leap to YOUR perfect home! Don’t wait, call me today!
Contact me if you or someone you knows needs assistance. 602-284-7781 or email.