Judith Sutton ABR CRS IDS PMN ASP IAHSP SRES GREEN
Judy@JudithSutton.com 908 803-0472
EXPECT MORE
WHEN IS THE RIGHT TIME TO SELL?
Here are some important questions to ask yourself, if you are seriously considering selling, and what it may mean to you. I have attempted to answer some of the issues you may need to address- and offer you my best advice and research into these questions:
I hope the following answers will help you make a confident decision.
Should I Wait To Sell My House?
The supply of homes for sale is still low, so we’re still in a seller’s market today. Selling while inventory is this low means if you price your house right, it’s likely to be in high demand.
Are There Still Buyers out there Looking for Homes?
If you’re thinking of selling your house but are concerned people aren’t buying homes in today’s market, you should know that there are still many active, interested buyers out there. Demand has exceeded the available supply of homes in the Somerset Hills area. With more buyers than homes to sell, your house may be just what they’re looking for.
*If you’re considering selling your house, let’s talk so you have the expert advice and insights you need to make the best decision for you. Call me anytime!
Bottom line: There just aren’t enough homes for sale compared to the number of people who want to buy them. On top of that, you’ll have less competition from other sellers. When there are only a few houses for sale, your home will get a lot of attention.
*Equity is a game changer for homeowners looking to sell.
Are you torn on whether to sell your house right now because you don’t want to take on a higher mortgage rate on your next home? If so, your equity may be exactly what you need to help you feel more comfortable making your move. When you sell your house, you can use your equity toward purchasing your next home. But first, it's important to know what equity is and how it grows.
What Equity Is and How It Works
Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect. Over the last few years, home prices have risen dramatically, and that gave your equity a big boost very quickly. While the market has started to normalize, there’s still an imbalance between the number of homes available for sale and the number of buyers looking to make a purchase. And it’s because homes are in such high demand that prices are back on the rise today.
Americans Sitting on Tremendous Equity (68.7%) have paid off their mortgage or have at least 50% equity in it.
*It is estimated that roughly 70% have a tremendous amount of equity right now.
Once you sell your house, you can use your equity to help you with your next purchase. It could be some (if not all) of what you’ll need for your next down payment. It may even be enough to allow you to put a considerably larger down payment on your next home, so you don’t have to finance quite as much. And, if you’ve been in your current house for years, you may have even built up enough equity to pay all cash. If that’s true for you, you’d be able to avoid borrowing altogether, so you wouldn’t have to worry about today’s mortgage rates. Hooray!
If you’re planning to make a move, the equity you’ve gained can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, I can help.
For the love of success,
For the love of driving your home forward,
Adding value for my clients and loving where we live!
Judy@JudithSutton.com
COLDWELL BANKER...GUIDING PEOPLE HOME SINCE 1906
908 803-0472
"...the right relationship means everything..."
SERVING THE SOMERSET HILLS AREA ONE CLIENT AT A TIME
Service & Experience
since 1983