Click Pause to Stop the Music ...or more Appropriately, "Should I Stay
or Should I Sell?"
With the current buyer's market, we get asked
this question a lot. The simple answer is... If you're happy
with your current home and have no immediate need to move, then
stay! If you must move because of your job, or if you're considering
a move to another state for retirement or other reasons, rest asured
the California housing dollar still goes a very long way!
While your home's value may have adjusted slightly
under current market conditions, so has everyone elses. If you're
planning on purchasing another home in the general area, the net
effect will be basically zero.
A couple of things to consider here... interest
rates have risen but are still quite reasonable. Individual property
taxes do get re-evaluated when a home sells, so if you've
been in your current home for awhile, say 5 to 10 years,
then purchasing a new home will most likely increase your property
tax bill.
Don't make a panic decision! That's a guaranteed
way to lose money! As more people jump on the "Sell Now"
band wagon, the number of homes for sale is increasing, and
that just brings prices down further. It's supply and demand. More
homes plus fewer buyers equals lower prices.
Should you stay or should you sell? It's your decision,
and we're here to save you lots of money should you decide to sell.
In the mean time, we can't think of a better place to live!