5 Crucial Considerations When Deciding to Sell Your Home in Central Oregon
Watching the morning or evening news? Then you have probably noticed headlines stating that the real estate market in Central Oregon is on the rise and is not about to stop! In areas like Los Angeles, San Francisco and New York City, the real estate market is considered to be BOOMING and we can start to expect that same thing to happen here in Central Oregon.
So, if you have been on the fence or not ready to make the leap of faith to sell your home, Birtola Garmyn High Desert Realty is here to present you with the 5 most critical considerations when deciding to sell your home!
1. Equity Advantage: During the housing bust, TONS of homeowners began to see their equity evaporate as home values dropped! Many were even upside down on their mortgages (you owe more on your property than it is worth). Many people are not very motivated to sell when it comes to writing a check to the bank or listing their home as a short sale! Then you have the homeowners with equity who definitely did not want to sell knowing that the lower sale prices would have eaten it all away! If you have been waiting so sell for this very reason than it is likely that you now have a bit more positive equity in your home, we can say “thank you housing market upswings” for that! That long awaited decision to sell can now be fulfilled and you will be able to walk away with some positive equity in tact!
2. Too Big for Your Own Good: Have you grossly outgrown the home that you currently live in? Your house is now simply too small because babies 1,2 & 3 have now come into your life, or an elderly parent has moved in with you! If you are living in a home that is too small for your immediate and or future needs, NOW is the time to take the jump! Put that small home on the market and purchase something more fit for your lifestyle! Sale prices are completely solid! The spring selling season is upon us and you can take advantage of current interest rates before they begin to climb!!
3. Shrinking Family: Have you recently joined the empty nesters club? Maybe the youngest child has headed off to college and you have decided that it is time to pack up that extra bedroom and dump the extra square footage! Choosing to sell now and downsize, has many perks such as lower costs, less cleaning and less maintenance. So go for it! Take advantage of a move that will help enhance your quality of life and new lifestyle!
4. Interest Rates Could Lite a Fire: It is the inevitable: interest rates aren’t going anywhere but up. So, if you are wondering when the best time would be to get a good mortgage for your new home once you have sold your own one, well we have good news, the time is NOW! Rates are currently at historic lows. However in the foreseeable future, they are only expected to head north! GET IN ON THOSE LOW RATES! Sell now and buy a new home!
5. Sell When You Need To, Stop Chasing the Market: Our selling advice; sell when you need to and stop chasing the housing market waiting for those perfect numbers! If you really need to sell your current home for specific reasons such as, job changes, divorce, children, health issues, marriage and so one, don’t try to chase the market in either direction! When you sell your home and subsequently buy another house; we yet again have good news, if you are selling low then you are buying low! However if you are selling high then you are bound to be buying high! It is time to come to terms with the current housing market and sell your home for its CURRENT fair market value. Also, when you move on, be sure to purchase a house that you can afford now as well as in the future!
So, what can the agents at Birtola Garmyn High Desert Realty offer you? Our team is comprised of local real estate professionals committed to selling some of the most desired homes in Bend, Oregon! Selling these “right addresses” is the mission of Birtola Garmyn High Desert Realty. Everyone can say that they are #1 but this is why we really are! Check out our past sales on Zillow! It pays to make an educated decision, so contact us to sell your property for top dollar in the least amount of time! You can take a look at all of our listings by visiting our website, or you can contact us personally by calling 541-312-9449!