Who should be selling right now? Owner and lead listing agent Jesse D. Moore shares his thoughts on the current market.
Many homeowners that bought around 2005-2007 became accidental investors when their primary homes lost equity during the housing recession. Many bought their next home at a steep discount and at incredible rates, and ended up having to hang onto their property as a rental because of the circumstances. Many of these investors have gained huge equity on these properties, especially after tenants had helped pay down the principal. This is a great opportunity to liquidate these single-family rentals and roll them into larger, more income-producing multi-family properties.
People moving out of the area
There are many hot markets around the country, but not all are at the fever-pitch we find ourselves in. Most of the sellers that we’re helping are making a move out of the area, and we’ve successfully helped them strategize a more stress-less transition by getting them additional time after closing to make their relocation easier. If you’ve ever thought about moving somewhere outside of the PNW, or if work no longer requires you to live near an office, there has not been a better time to sell.
Your home no longer fits your lifestyle
The quarantine has forced all of us to be home more than usual, and we’ve lost patience with things that we thought we could live with (or without). If we depend on commuting less, and work from home more, we can be more intentional about where and how we want to live. All of sudden it might be more important to have a workout room, a workshop, a garden, or proximity to hiking trails. Life is too short, and quarantine feels like forever – so people are being more intentional about ensuring that their home meets their needs.
Curious about selling your home? Reach out today to schedule a complimentary consultation. We would love to be a resource for you.