by 
Second time homebuyers – you may be asking yourself when the right time is to list your starter home and finally take the leap to the home you’ve always been dreaming of. You’re in luck! Now is a great time to make that change happen. While selling and buying a new home will always be a major change, there are plenty of great reasons why the work you’ve put in with your starter home is a great springboard to purchasing a new home before the year is out.
One of the best aspects of owning a home is the equity that you have accrued throughout your years of ownership. Even with changes to the market, the past few years have shown major growth in equity for homeowners. Much of this has to do with the steady increase of home prices, helping your home to be worth more over time as well. Granted, in order for this worth to be applicable to your home, general upkeep and care must have been maintained as well. However, if you have done this, you should be good to go! Ask your real estate agent how you can get an appraisal so that you can find out exactly how much money you’ll have to work with.
If one of your motivations for moving is to find a place with more room, you’re not alone. This is one of the most common reasons why people move! You’ll be glad to know that your options are growing, too. As we come to the end of the year, motivated sellers will still be listing, while some buyers may have stepped away to wait until warmer days are back again. With this decrease in competition, the chances of you snagging the home of your dreams are higher than they were before!
Buying a home is always an exciting and invigorating time that requires a lot of planning and discussion with your trusted real estate professional. Thankfully, when you’re a second time homebuyer, you know the ropes a little bit better and may have a bit of help with the situation thanks to the financial building you did in the past. You’re sure to still have questions, but that’s why it’s good to work with a Shorewest agent! Get started on the path to buying your second home today; find out the value of your home and how to use it best.
Tags: fall 2024, Homeowner, second time buyer, sell your home, Seller, Sellers, winter 2024
Categories: Home Buying, Home Selling, Homeowner, How to, Neighborhoods, Quarterly Newsletter, Real Estate Tips, Shorewest Tips
Leave a Reply