Do you think it’s time to upgrade your home?
Upgrade Your Home
Are you thinking it’s time to move to a bigger, nicer home? Are you at the point where you can now afford a bigger home that’s located in a nicer neighborhood? If yes, then maybe it’s time for you to make your dreams a reality.
Supply and Demand
The laws of supply and demand govern the real estate market. Let’s start by looking at your existing home.
Demand for starter homes and moderate priced homes is high. As consumer confidence and a strong job market increase, many first time buyers are realizing that they should buy a home now. Because if they don’t they’re going to remain behind the eight ball. As a result, the demand for these homes has caused the selling prices to escalate. It’s not uncommon to see multiple offers come in on these homes, and bidding wars are happening. And, quite possibly the equity you have built in your existing home would make a great down payment on that luxury home you’ve been dreaming of.
However, when you’re looking to purchase that bigger home, the reverse is also true. And that’s because there’s a large supply of available homes on the market since the baby boomers are selling the large family homes. They’re moving into the retirement communities. The selling prices of larger homes is decreasing because of an over supply of these homes. Thus, these homes can often be had at a discount. In fact, many areas have more luxury homes available than there are buyers.
Great opportunity to Upgrade Your Home
So, we’re in a market where many buyers are looking to purchase a starter home. Additionally, many sellers hope that you’ll buy their home. Does this sound like the opportunity to upgrade your home that you’ve been dreaming of?
As a matter of fact, it is. Call us today to learn more about the current value of your home.
Would you like to search to upgrade your home in Monmouth County?
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