- calendar_month January 9, 2023
- folder Real Estate
Sharing Tags
2023, Bruce Real Estate, Buena Park, California, Cypress, homeowner, homeowners, Housing, Huntington Beach, Irvine, Janie Bruce, Janie Bruce real estate insights, Lakewood, Long Beach, Los Alamitos, Orange County, Rancho Palos Verdes, Rossmoor / Los Alamitos, Rossmoor real estate, Selling, Torrance
Top reasons people move include:
- They need a larger home for a growing family and entertaining
- Retiring and downsizing to move to a new area and having their new home built
- Working remotely has changed what is needed from their home
- They want to avoid making repairs on current home
- They want better school districts for their children
Here's something to think about: if you've been in your home longer than 10 years, chances are you are putting off addressing one, if not several, of the reasons people move. If so, ask yourself why. Are you struggling with questions like "where will I go next?" or "can I afford the move?"
If so, keep in mind that It's often financially beneficial to sell your house and move. One of the biggest benefits of home ownership is the equity that your home builds over time.
Your equity plus today's low interest rates can fuel a major upgrade when you sell your home and purchase a new one. Many homeowners I've worked with are surprised to find that if they use the proceeds from the sale as a major down payment their monthly note on a much bigger home is similar to the cramped home they are living in now. Why? Because even if you buy at a price point much higher than you did for your starter home the chances are that you have a much bigger down payment this time around and therefore do not have to borrow as much from the bank so your payments remain reasonable.
If you're looking to downsize, you might even be able to buy your next property with cash and avoid a mortgage payment altogether. This is especially true if you are selling in California and buying out of state.
Call me if you have any questions or need any information to find out what your property is worth. I would be thrilled to meet with you. Lets get together to talk about your options. I am just a call or text away. 714-310-4982
As a Bonus Included a link to my website for Professional Resources I Trust. If you know someone who is a 'Rock Star' and would like to be included on my 'I Trust Them' page, please provide their information and I will contact them. Also, I added some new blogs, there is something for everyone.
https://janie.jhagents.com/vendors
I am always available to help you and our community.
Reach out to me at 714-310-4982
"Plan for what is difficult when it's easy, do what is great while it's small. The most difficult things in the world are done when they are easy, the greatest things in the world are done when they are still small". - Sun Tzu