Important Things To Consider When Thinking About Making A Move

by Jennifer Weikel

If you’re thinking about making a move, you’ve probably seen a fair bit of misinformation about the market and what you should expect. Here are some important things to consider so you can make the best decisions possible!

1 - Interest Rates are Expected to Drop
We are all anxiously waiting for this this to happen! But, it's important to note; as soon as rates drop, a flood of buyers will rush into the market which in turn will significantly increase competition. More competition means higher prices. So please consider carefully... waiting for rates to drop might actually cost you more if you wait to buy a home.

2 - Real Estate is Still a Great Investment
Even with high prices and interest rates, buying a home is a fantastic long-term investment. It’s worth noting that homeowners typically have a net worth 40 times that of renters. If you want to build your financial future, owning a home is clearly a great way to do it.

3 - Waiting Can Cost You
The longer you wait to buy a home, the more you might pay for your next home. This is due to housing prices increasing over time as homes appreciate in value. That means that waiting for a “better” market might actually result in higher listing prices in the future. Getting into the market sooner can help you lock in a lower home sale price.

4 - Getting Your Home Ready to Sell
If you currently have a home you need to sell so you can buy a new one, prepare for it to take longer than you think to get it ready for the market. Let's start the conversation sooner as opposed to later so I can help you understand what needs to be done to prepare your home for the current market. The proper timing of your sale and purchase is crucial for a smooth transition into your new home, so don’t wait to start the conversation until the last minute!

5 - Price Your Current Home Right
Homes priced right are selling quickly and at favorable terms, which can help you get into your next home more quickly. Remember, buyers are savvy and will wait for overpriced homes to come down in price, so it’s best to price your home strategically from the start.

I'm here to help you navigate the Omaha area real estate market and make informed decisions that align with your real estate goals. With the right strategy and timing, I'll make sure you get to where you want to go on time and as stress-free as possible! Reach out and let's talk about it!

GET MORE INFORMATION

Jennifer Weikel

Real Estate Agent | License ID: 20210120

+1(402) 616-4556