Have you out grown your Spring Texas house? Do you want to trade up but the economy keeps holding you back? If you are financially secure and are comfortable with the status of your job, then now is a great time to trade up.
The buy-low, sell-high approach works for the stock market and for the Spring Texas real estate market. The best time to buy is when inventories are high and the best time to sell is when inventories are low. Our current listing inventory is 32% higher than last year making it the time to buy.
The disadvantage of selling your Spring Texas house in a down market is you are not going to sell it for as much money as you would like. But you will make up for it by getting a better deal on the higher priced home you are going to purchase. Homes in the $400,000+ range have been taken a beating and there are some really good deals available.
With record low interest rates, that more expensive house will cost you less now than if you wait for the economy to fully recover. When the economy begins to show life and upward movement again, mortgage interest rates will be following right behind and moving upward.
Trading up in a down economy is not right for everyone. But if your job status is stable, trading up in a down economy is a smart financial move.
Jill Wente goes above and beyond for her clients. I speak from personal experience. She guided us through the purchase... read moreJill Wente goes above and beyond for her clients. I speak from personal experience. She guided us through the purchase of our new home during this crazy 2021 seller's market.
Jill educated us on all the aspects of buying a new home and selling our home as well. Helping us to choose what options best suited our circumstances. She was always very accessible, thorough, and patient answering all of our questions and concerns.
We had a challenging list of "must haves" for our new home and she was always on the lookout for homes that met our needs. All through the process of house hunting, making an offer, and through to closing she was efficient, professional, and always put our interests first. Her excellent negotiation skills ended up saving us thousands of dollars!
I am already singing her praises to friends and family and I highly recommend Jill Wente as your next realtor! read less