Waiting to sell your home because prices are increasing?

Home values are going up which is wonderful news for those thinking about selling their homes. This has also caused many homeowners to think maybe they should wait to sell their home as it may be worth more in the coming months. This may not be the best decision after all, especially if you are looking to purchase a new home once you sell your current home. 

Home values are on the rise but experts are suggesting they will begin to level out soon causing home sellers to have to give up more to sell their home such as paying for closing costs. It may be best to sell your home now while sellers still have a slight advantage over the buyers due to lack of inventory. Once inventory picks up the market will become more balanced giving the buyers the advantage over sellers in negotiations. 

It also may not be the best decision to wait to sell your home because as your home value is going up so is the price of the home you are going to purchase. It would be best to have a lower mortgage on your new home and be able to sell your current home faster in today's market than to wait for when the market slows down, you find the house of your dreams but you either can't buy it because it's now priced out of your price range or you can't sell your current home. 

There's always two sides to think about in every situation just to make decisions more challenging for us all, right? Well, if you are curious what decision may be best for you during the current housing market feel free to contact me. I can provide you with a complete market analysis to give you an accurate picture of what your home may be worth in today's market and we can work together to see what homes are available for you to purchase in your current price range. It never hurts to be well-informed so you can make the best decision for you and your family.