If you’re a potential SELLER then listen up…it’s a sellers market and although there are some challenges on the buying side (see below) if you have a property you’ve owned for 5+ years you should be doing the math on selling. Special shout out to you owners who have homes that would be a challenge to sell in a normal market, now is the time to list. If your home is in need of some TLC, backs to a noisy road etc… there are so few homes that even the homes with issues will sell eventually.

The most common thing I hear is I’m ready to sell and move, but where will I go! It’s a great question and one that Jason and I have asked ourselves many times in the last year. We would love to capture the equity in our home as prices increase, but we truly aren’t ready for the next leap of what we want to purchase. This is the classic “love it or list it” conversation. A lot of people are opting to tap into their growing reserve of equity in order to stay put, but still get the house of their dreams. There are options for Home Equity Lines of Credit and special Renovation Loans that can help you love your house rather than list it. Good news, I can still help in these scenarios. Let’s chat if this interests you!

If you’re ready to sell your house and move up into a bigger and more expensive home then it’s most likely still a great time to do that. Although inventory is tighter across all price points, it gets less competitive in the higher prices points. For example, if your home is under $500k it will likely sell quick for top dollar. If you’re then planning to purchase over $600k there is more inventory and less competition since the majority of buyers are spending less. The most important factor here is planning so you’re not stuck without a house. We have some fun legal language that can help protect you in case you’re unable to find the perfect home to buy (seller contingency clause). If this is where you’re at, let’s sit down and look at your specific situation and come up with a game plan to get you into the home of your dreams. 

If you’re looking to move from a central location (Scottsdale, Arcadia, Paradise Valley, Central/East Phoenix) to the east or west valley suburbs it’s a good time to sell and buy since you’ll get more for your money in those locations. However,  if the reverse is true, and you’re looking to move from the outskirts to a more central location be prepared to pay a lot more for a similar property or make concessions on what type of properties will be available to you.