Holiday Food For Thought for the Home Owner!

Holiday Food for Thought for the Home Owner!

This holiday season, take time to reflect on the relationship you have with your current home.  Cold weather, lots of family and friends visiting, tons of cooking and even more "things" making their way to your closets and cupboards disguised as gifts, can help us determine if our current house is meeting our needs.  Being stuck indoors is the perfect time to see how well your household is functioning with the current space you live in.  Maybe you are cramped and overwhelmed, desperately wanting to spread out and enjoy some privacy.  Or maybe you have too much space and feel you are paying to heat and cool areas you don't even use.  Take time this season to assess your situation and see if a change is needed.  This is a golden opportunity for you to sell your current house FAST and for Top Dollar and yet still enjoy low interest rates and affordability in your next home.  Buyers are still moving to the metroplex in large numbers, including out of state buyers and even a large number of international buyers.  New home sales are having trouble keeping up with the demand so resale homes are selling quick. 

Consider what it looks like for you to wait a few years.  Home prices are up 6% year to date in the Dallas/Fort Worth metroplex.  Forbes magazine predicts they will rise 25% in the next 3 years in our area.  This may sound great for your home equity and you may even be tempted to hold out to sell for more.  But think about what this looks like for available buyers in 3 years.  Your buyer pool shrinks every time home prices and interest rates go up.  A smaller buyer pool means more competition among sellers, longer days on market and possibly not the sales price you hoped for.  Another issue that will hurt your potential buyer pool is the interest rates.  They will go up.  This awesome bubble we are in will not last and at some point, and we do not know how soon, the rates will begin to rise.  It is important to know for every 1% the rates rise, buyers can afford 10% less house then they could before.  Your buyer pool will continue to shrink.  This also affects you on the buy side.  The longer you wait to get into the game, the amount of home you can afford will continue to decrease.

Now think about what happens if you sell in this amazing seller's market.  Our inventory is historically low.  You have very low competition among other homes for sale and a great demand right now due to all of the buyers moving in and buyers moving locally.  Your days on market are shorter meaning less inconvenience for you.  The demand creates competition among buyers which brings multiple offers, many for over list price.  My favorite reason to sell and buy now is to invest in your dream home and enjoy growing over the next 3 years in the home you love, not the one you have outgrown.  Think about 3 years of your space not working for you or meeting your needs, or missing out on the home you could have had at the interest rates we are enjoying now compared to what will be in the future.  Think about the hassle of selling in a more competitive and difficult market. 

So, enjoy your holidays but take time to reflect on these questions:  Is my current house fitting my needs?  Is my current house creating unwanted stress?  Would my life change for the better if I were to sell and buy a new home?  Can I afford to not take advantage of this opportunity to sell high and buy affordably with these low rates?

Now is the time!  If you want to know what your house would sell for in this intense seller's market or if you would like a team working for you to help you find the perfect home to meet your needs, Contact Us Today!  We have innovative and unique methods for getting houses sold and finding homes for our buyers.  With our amazing marketing techniques and fun personalities, our team will be a perfect fit for you! 

wwwTheGroganGroup.com.
Kimberly@thegrogangroup.com
682-422-7176