Mortgage rates are high right now, and this is stopping some people from moving. Others, though, are pursuing a move, even though the market isn’t perfect. As Realtor.com explains, “No matter what interest rates and home prices do next, sometimes homeowners just have to move—due to a new job, new baby, divorce, death, or some other major life change.”
Let’s look at a few common reasons for moving. One of these might be reason enough for you to pack your boxes, even in this market. Don’t let higher rates or lower inventory hold you back from choosing what’s best for you!
Reason 1: Upgrading.
Maybe your current house no longer fits your family or your lifestyle. You may need a larger house to have a home office, a home gym, more bedrooms, or more space to host family and friends. It could also be that your current home just doesn’t fit your personal preferences, and you’re finally ready to upgrade to your dream home!
Reason 2: Downsizing.
There are many situations where a downsize makes sense. Someone may have moved out of the home, or you may just find you’re not using as much space as your lifestyle changes. Maybe upkeep is getting unmanageable when it comes to time or finances. Many people downsize in retirement so they can focus on activities they enjoy instead of home maintenance and bills!
Reason 3: Relocation.
You might want to move to a new location to take a new job, to be closer to family and friends, to join a different school district, or to experience a different climate. Location can influence your life and happiness in many ways. It’s important to love where you live!
Reason 4: Personal changes.
Whether you’re experiencing a divorce, a marriage, health challenges, or mobility changes, any big personal changes can necessitate a move. You may find yourself splitting households, or you may find yourself moving in with a parent or child. No matter what’s going on in your life, it’s important to have a living situation that works for you.
As Bankrate says: “Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market… your future plans and goals should be a significant part of the equation.”
The best time to sell is when you need to sell, and there are ways to work around the affordability challenges posed by current interest rates.
Get the most for your home:
The best way to fight high interest rates is to put down as big of a downpayment as possible. Interest rates matter less on a smaller mortgage, after all!
In order to do this, it’s important to get the most out of your current home. A no-commission sale definitely helps—and yes, no-commission sales are real! In a typical sale, commission usually ends up being about 5-6% of the selling price. When you sell to a cash buyer like MarketPro Homebuyers, you can put all that money (and more!) into your downpayment. Even if your house is dated or in need of repairs, we can provide a fast, no-commission sale.
Work with MarketPro:
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania or Florida, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.