During the current housing market there are some people that are reluctant to sell their home in Waltham. The consensus is that they do not want to lose their low mortgage rates they have on their current homes. You may be in the same boat if you have been thinking about selling your house in the current market.
Data shows that 51% of homeowners have a mortgage rate under 4% as of April of this year. While it is true that rates are higher than that right now there are other non-financial factors to consider. Your mortgage rate is important but there are other reasons to consider when it comes to making a move.
Why Waltham Homeowners Are Selling
Finances are not the only deciding factor when it comes to homeowners making the commitment to sell their home and relocate. With the last couple years there have been new reasons popping up especially after Covid. During Covid homeowners were spending the most time in their homes. This lead some to realize that they are missing out on certain features or amenities. Some realized that they need a home office since they will be conducting a remote work schedule now.
Now, on the other hand there are still reasons that we have heard before. Such as wanting a smaller home that requires less work or wanting to relocate closer to a loved one.
Bottom Line
Even with today’s mortgage rates, your lifestyle needs may be enough to motivate you to make a change. The best way to find out what is right for you is partnering with someone who knows the area and market well. A trusted real estate professional who can provide you with expert guidance and advice throughout the process. They can help walk you through your options, so you can make a confident decision based on what matters most to you and your loved ones.
While the financial reasons to move are important, there is often far more to consider. Non-financial reasons can also be a significant motivating factor.
Selling Your Waltham Home
If your home has increased in value since you bought it, selling your home now can provide you with a great profit. Waltham Realtors say that this also allows you to seek those features and amenities that your current home is missing. Maybe you are looking for a new office or just need a bigger yard for the kids. Either way, selling your home will provide you with a chunk of cash and allow you to move to provide for your needs and wants.
If you are looking to sell your home and buy a new one, contact Waltham Real Estate Agent, Hans Brings! Hans has years of experience helping clients get the best price possible for their homes. Call today! 617-968-0022