Median home values saw a marked rise nationally in 2020 and over the past two years, the market has grown at an unprecedented rate. After the more modest of the last half of the last decade, the real estate market has truly taken off. However, this rapid growth may lead prospective sellers to wonder about the future of the market.
After the development of the last couple years, you may wonder if this is the right time to make a change. There are many reasons as to why someone would like to move but feel constained by market forces. Parents who wish to downsize after their adult children start their own households may feel that a better situation is just around the bend. When it comes to deciding to sell your house, if you wait for the perfect situation to arise, you may be waiting forever. The Swanson Group in Omaha, NE can help you through the entire process of home transition and work tirelessly to show the value of your home to prospective buyers!
Be Calm And Decisive
While many people allow external market forces to determine their real estate changes, this may be a hindrance as a homeowner. For this reason, the most appropriate time to make change to the real estate you inhabit is when you wish to make a change to where you live. This might seem like an oversimplification, but when you make the decision to sell, it should be for the right reasons.
This idea works for both sides of the market coin. If you are living in a desirable location, you might miss out on opportunity by holding on too long. To bring things back to the analogy of the downsizing parents, you might be tying up capital in an asset that you are not currently using. Make the move because you need a different space!
Now May Be The Right Time
If you have been waiting for the market to stabilize in order to sell your home, this could be a positive environment for you to make the change. While the median sale price for single-dwelling occupancies in the Omaha housing market has dipped from their highs in July, the number of available units continues to lower. This could be a sign that while the buying craze may have slowed a little, there is not the level of turnover that could hamper the value of your home.
Navigate The Nuances Of Omaha, NE
It can be stressful making the decision to sell your home. To learn more about how we help you prepare for a move, then please call our Omaha, NE real estate group today at 402-679-6566. Make the decision for the right reasons and do it well!
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