Retiring Soon? It May Be Time to Sell Now!
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If you’re thinking of retiring soon, now may be a great time to start thinking about selling your home! Interest rates and housing inventory are low, meaning many sellers are receiving multiple offers on their homes.Suburban homes especially are in high demand with people looking for more yard space to enjoy from the comfort of their own homes. Homes and neighborhoods with amenities such as a pool, playground area, and walking trails are also in high demand. Space for a home office and more room for the family to spread out are also popular at the moment.
If your home has any of these features, and you’re planning to retire and downsize in the next few years, you may want to consider acting now. 2020 had record low mortgage rates and once rates begin rising again, buyer numbers may drop. In recent years, sellers have often been asked to pay closing costs, make repairs, and accept other concessions. Right now, many sellers are receiving escalation clauses above asking price for their homes and having more of their own concessions met. If you’d like to know how much your home is worth in the current market, give me a call! I’ll be glad to help.