Wondering Where You’ll Move if You Sell Your House Today?

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market.

- An Existing Home Can Give You That Lived-in Charm
Many buyers want to purchase a home with history, and the character of older houses is hard to reproduce. Existing homes can often be part of an established neighborhood featuring mature landscaping that can give you additional privacy and boost your curb appeal.

Plus, you can move in based on the timeline you agree to with the sellers, rather than building a new home and waiting for construction to finish.

Just remember, while more sellers are listing their homes, supply is still low overall, meaning you’ll still need to be prepared for a fast-moving market.

- Purchasing a Newly Built or Under Construction Home Means Brand New Everything
When building a new home, you can create your perfect living space and customize it to your lifestyle.

But keep in mind, purchasing a new home could mean waiting a considerable amount of time before you can move.

Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy at the National Association of Home Builders (NAHB), explains:

“New single-family home inventory remained elevated at a 7.7 months’ supply. . . . However, only 8.3% of new home inventory is completed and ready to occupy. The remaining have not started construction (25.9%) or are currently under construction.”

With the supply of homes for sale rising, you have options for your next home no matter what your preferences are. If you have questions or want help deciding what’s best for you, DM me today.

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