5 Signs It's Time to Buy a New Home!5 Signs It's Time to Buy a New Home

The housing market is a whirlwind right now, with sellers seeing huge profits and historically low mortgage rates for buyers! Is this the right time for you to be making a move? Check out these five signs that you might be ready to make a change!

1. You’re Tired of Renting

With rental prices skyrocketing, renting is no longer a cost-effective option in many areas. Plus, why put your money towards a landlord’s mortgage when you could be investing in your own property? Additionally, you have greater flexibility to personalize your home if it’s your own!

2. You need more space

Whether your family is expanding or you are welcoming extended family back into your home, you may be finding that you need more space to accommodate everyone. Alternatively, perhaps you bought a starter home and are ready to upgrade to a place that checks off more items on your wish list!   

3. You need less space

Many people choose to downsize when their adult children move out, but that’s not the only reason to move into a smaller home. If you are looking to reduce your utility bills, have less maintenance to worry about, or have a smaller space to tidy, it may be time to consider downsizing.

4. You’re in a seller’s market

Historically low-interest rates, high home prices, and a limited market inventory mean that now is an excellent time to consider selling your home for a high profit. Homes are selling very quickly, so you could soon have a nest egg for purchasing your next dream home.

5. Your priorities changed

The pandemic has prompted many people to reevaluate what they want from their environment: Do you wish to be closer to the mountains? Near a lake? Close to family? If your current home doesn’t mesh with your priorities, it may be time for a new one!

Ready to explore your options? Contact us to set up a free consultation where we'll talk about your goals, what you want in a home and get you ready and prepared for a smooth purchase!