When you sell your house, you want to balance getting the most out of your sale with knowing you’re making a good investment on your next home. Here are a few reasons why you may want to make a move this summer and prioritize your homeownership goals sooner rather than later.
The Number of Homes on the Real Estate Market Is Still Low, Especially in the Lehigh Valley Area.
While data shows the number of listings coming to the Lehigh Valley real estate market has grown since the start of the year, housing supply is still firmly in sellers’ market territory. This means there are still more buyers in the market than there are homes available. That puts you in the driver’s seat.
Home buyers are eagerly waiting for your house, so if you work with the Don Wenner Team | eXp Realty to price it correctly, it could sell quickly and get multiple strong offers this season. Just know that listing sooner rather than later can help your house stand out before more sellers add their homes to the market.
The Don Wenner Team | eXp Realty also offers sellers unique options that other real estate brokerages do not. Sellers can opt in to our 34-Day Guarantee Sale Program or get an Immediate Cash Offer on their home! See all of the Don Wenner Team Options!
Home Equity Is Growing in Record Amounts, Especially in the Lehigh Valley Area
If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.
Mortgage Rates Have Increased This Year
While it’s true the 30-year fixed mortgage rate from Freddie Mac has climbed over two
percentage points this year, current rates are still below what they’ve been in past
decades. That means you still have an opportunity to lock in a rate that’s comparatively lower.
Home Prices Are Appreciating in the Lehigh Valley Area
Home prices have been skyrocketing in recent years, thanks to the imbalance of supply and demand. And as long as that imbalance continues, so will the rise in home values. What does that mean for you? If you’re selling so you can move into the home of your dreams or downsize into something that better suits your current needs, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices appreciate further. And, once you make your purchase, you can find peace of mind in knowing any further home price appreciation is growing the value of your new investment.