Is this the time to sell?

Do I sell or Do I buy?.” It is so difficult in this current real estate climate if you currently own a home to know what to do.

 I have been in and around the real estate business for close to 40 years and I have never seen such a swift rise in home prices and plethora of home equity.

 Nationally in third quarter of 2021 home equity averaged an increase of $57,000.00 or 31% average.  This statistic is an anomaly to say the least and you must be asking yourself is this the time to sell and if I do sell can I afford to purchase another home?  The answer is with this type of equity more than likely you can afford to purchase another home equal to or greater than the one you are selling but it may not happen as quickly as it has in the past.

One of the reasons for the large increase in home equity/values is “supply and demand”.  There just is not enough homes to purchase as there are buyers, so like with any commodity the price goes up.  This is not to say that buyers are not able to find a home to purchase it is just there are not as many, therefore, taking longer to find a home.  However,  for sellers this is an opportunity to cash in on a lot of equity not seen in a long time!  If you have the ability to sell, NOW IS THE TIME!

I would be happy to discuss with you my opinion of your home and potential equity you may have.  Please feel free to give me a call, I would love to hear from you!

Jamie Kardosh

Coldwell Banker Schmidt Petoskey

231-838-2095