Unexpected flips and turns occur often in life, such as the joy of welcoming a new family member, retiring and embarking on a new path, or experiencing the bittersweet experience of having an empty nest. You could be thinking about purchasing or selling a home in this housing market if anything similar is happening in your own life. This is due to the fact that all of these drastically different situations share one thing in common: the necessity to relocate.
Causes of the Current Housing Market Need for Relocation
According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below):
These significant life transitions will also continue to have an influence on people in the future, notwithstanding the present affordability issues brought on by rising mortgage rates and property values.
According to Realtor.com Executive News Editor Claire Trapasso:
Today’s housing market is particularly difficult because of high mortgage rates, higher property prices, and persistently low inventory. As a result, many purchasers are driven by life transitions, such as expanding families, providing for grown children or parents, or meeting professional demands. …”
Lean On a Real Estate Professional for Help
You don’t have to go it alone if you’re starting your home hunt or getting ready to sell your current residence. A real estate agent is a priceless companion who can assist you in navigating these significant life transitions with ease thanks to their knowledge. These are but a few instances.
When Buying a Home
A new house can be absolutely necessary if you’re receiving a new member and require extra space. Even with today’s mortgage rates, you might need to find a means to meet your shifting needs, even while rising home prices and mortgage rates are challenging for purchasers.
A knowledgeable real estate broker can assist. They may save you a great deal of time and stress because of their experience and understanding of the local real estate market. In order to help you focus your search and provide you with options that fit your needs and tastes, an agent will take the time to get to know you.
When Selling a House
Making the maximum money while selling your house can be your primary goal if you’re retiring, going through a separation or divorce, or looking for a better home for your future.
Here’s another area where the experience of a real estate agent really shows. They can create a smart marketing strategy, provide recommendations for upgrades to increase the appeal of your house, and fairly appraise its market value. Their ability to negotiate well will ensure that you receive a fair price for your home, giving you the confidence and peace of mind to start the new chapter of your life.
Regardless of your circumstances, when buying or selling a home, rely on the assistance of a reputable expert.
If recent life-changing events have you wanting or needing to move, connect with Loffredo Real Estate Group.