by Thomas Murphree, Broker

Marx-Bensdorf, REALTORS® 

The real estate market has experienced record sales, historic soaring prices, unprecedented lack of inventory and increasing demand over the past two years. What is the next step? That depends on your needs, position, and preferences.

If there are factors in your life that indicate you may need to consider selling your home or investments anytime soon, then selling sooner rather than later is the best decision you can make today. Interest rates are rising and the number of mortgages that are past due is increasing. Sale price to list price ratios are declining. These factors may be the beginning of a turn to a more traditional market environment meaning that NOW is the time to take advantage of the current booming market and optimize the profit in your property. Simply put, your investment properties may be worth as much today as they will be for the forseeable future. 

It could be time to liquidate your holdings. If you are replacing your current home, you will be buying in a seller’s market, so consulting your trusted REALTOR® is even more important to ensure that you protect your interest and successfully navigate today’s challenging market. If it is a good time for you to downsize and spend more time travelling or visiting with family and friends, a trusted REALTOR® can help you chart a course for smooth transaction including the sale of your present home and finding the ideal home for a new chapter in your life.

The key to leveraging the current market boom is taking time to assess your situation with a professional real estate agent and determining if/how you need to proceed. You’ll feel at ease knowing that whatever decision you make, it was done with careful thought and data related to your specific situation.