Home prices are at an all-time high—but is it a smart time for you to move?
If you’re a homeowner who is avidly watching housing prices skyrocket to all-time highs across the U.S., you may feel like you’ve won the lottery!
As median home prices are up and continue to follow the soaring trend in the top markets: and with the number of home listings down below the typical real estate market inventories (due to extreme high-demand and low inventory), it has come together as a perfect storm of high demand and low supply of houses with plenty of eager buyers looking for a little more space after spending months in their homes or apartments during quarantine.
“Massive price gains are pretty common all across the U.S., we’re talking double-digit price gains over a year ago.”
Realtor.com, Chief Economist Danielle Hale
While it may be tempting to cash in right now and make a profit on your home, there’s plenty to think about before you put that “For Sale” sign up.
- Research first – know where you want to move to and when you want to sell.
- Don’t try to predict the market – once you decide to sell, stick to your plan.
- Decide if now is right for you and your family based on you and your family’s schedule.
- Do you need to sell fast due to a divorce, foreclosure, probate, or other unforeseen circumstances? Selling off-market allows you to get a fair cash offer and you can sell fast.
- If you need to sell your house as-is you may want to consider selling off-market and skip all the time-consuming paperwork and costs that come with using a Real Estate Agent, plus you’ll save money because you won’t have to repair or prep your home to sell.
- Have a plan and know the timeline in which you need to sell, find a new home, and prepare to move.
- Most importantly, if it is right for you – now is the time to sell.
Source: RealSimple.com, Money Confidential, Is Now the Right Time to Sell Your House?,
By Lisa Milbrand, March 19, 2021
