If I sell, how am I supposed to buy in this market?
There is this underlying notion that the market is currently not very friendly to buyers. Consumers see houses selling within days, price wars, and costs rising. To the un-trained eye this may seem like a poor time to buy.
In reality, there has not been a better time to buy since the 1950s! Did you know, interest rates have not been this low since the 1950s? It’s true! In some ways, it is actually cheaper to buy a house now than it was sixty years ago.
The news gets even better. If you’ve been in your house for 5 – 20 years, you most likely have incredible equity built up and you didn’t even know it. What does that mean?
If you were to sell your house today, as is, you would be able to take that equity as CASH and put that down on another home. Maybe your dream home. If a bigger move is in your mind, you could take that money and PAY cash for a house! In both scenarios you are the strongest buyer. That means sellers, agents, and title companies will see your offer as the strongest and most likely to close on time. Therefore, you can decently avoid a bidding war.
Equity = Cash = Strong Offer = Your new home
Trust the experts and let a trusted Real Estate Agent help you make this happen. We can. We will. We want to.
It really is a great time to buy a home. Are you ready? Call us and we’ll get you a free home valuation. Happy moving!
YOUR Team CO Blog 