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.
Let me just start by saying that Jill made the daunting process of both selling my old home and finding... read moreLet me just start by saying that Jill made the daunting process of both selling my old home and finding my current one more pleasant than could have been expected. Throughout the entire process she was honest, easy to communicate with, and patient. When it came time to sell my old home, I contacted Jill and she met me at home at took the time to get to know me, why I was wanting to move, my timeframe. She showed me the comps she already prepared, and explained the entire process. We then did a walkthrough of house where Jill identified items that needed to be addressed to make the house more appealing (paint, fixtures, minor repairs). Once those issues were addressed, and the house was listed, it received multiple offers and Jill took the time to narrow down the best options and then explain what each one meant in detail with regards to the offer amount, type of financing and what it could mean down the road when it came to inspections and appraisals. Once we came to a decision on the right offer, the rest of the selling process moved along smoothly and Jill was quick with updates each step of the way.As the closing date of my old home approached, the focus shifted to finding a new home. Jill was very accommodating during this time as my fiancé and I had a very small window of time during each day where we were both available for showings. Jill was routinely able to get the showings scheduled during this time, often on short notice, and was helpful at pointing out things both positive and negative that we may not have noticed otherwise. No example better illustrated this than when we found a home that appeared to check all the boxes. During the showing, Jill pointed out the proximity to a major road, and the road noise during morning and evening traffic, and even brought up potential future expansion of road and surrounding area. Despite this warning, we were so enamored with the house that we went ahead and put in an offer. While waiting to find out if the offer would be accepted, I heeded Jill’s advice and checked into expansion projects, and decided to drive back by the house during rush hour to check on the road noise. We ended up pulling the offer and Jill seemed genuinely relieved. I appreciated the fact that she was willing to be as adamant about the issue as she was when she could have easily let us make that mistake, and made the sale. A short time later we did find the home that checked all the boxes without any road noise or any other issues, and the purchase process went as smooth as the selling process had been for my old home. Even months after closing, Jill continues to be helpful as she was able to provide quality handyman references for some small projects that I needed done. I’ve thoroughly enjoyed working with and getting to know Jill and I can’t recommend her enough. read less