But...where will we go?

I’ve had many conversations with friends and family lately about selling and moving.  Although everyone has their own unique story and set of circumstances, most discussions seem to end with the same phrase, “…but where would we go?”

The current market in Middle Tennessee is interesting to say the least, but not impossible to navigate.  Current sales prices are up in most areas, mainly because this is a GREAT place to live!  However, another factor in play is the amount of inventory available.  It’s a basic “supply and demand” scenario where when there are more buyers than homes for sale, prices generally rise.

Many homeowners have quite a bit of equity in their homes and would like to trade up, find a new local neighborhood, downsize, or even sell and move out of town.  The thought of capturing that profit with a relatively quick sale is appealing.  However, many are concerned that when their homes sell, they will either not be able to find a suitable replacement or if found, be unaffordable.

If you’ve had similar thoughts about selling, try to keep an open mind about your purchase options.  Do you have your heart set on a specific neighborhood, or can you be flexible and explore a wider range that will get you close to your desired area?  Have you compared the different benefits between buying an existing home and building a new one?  Are you open to small renovation projects to customize or update an existing home?  Remember to consider and explore all purchase options and you might be surprised at what you find on your search for a new home!

If you are planning to list your home and move, now is the time to act!  School will be out soon, and many buyers will want to relocate before the next school year begins.  If you haven’t already done so, get your home in tip-top shape by fixing any outstanding issues and freshen the curb appeal.  This is a competitive market so in order to get top price you must go above and beyond your competition.  If you are in doubt about where to start, call me and we can look at closed sales in your area, drill down on the details of your new home search and get the process started!

“You’ve Got A Friend in Real Estate”