Life-Changing Events Move the Housing Market

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of being an empty nester. If you’re experiencing these types of changes, you also may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move.

Reasons People Still Need To Move Today

The notion that no one is moving because of prices and interest rates just isn’t true. Every day people are experiencing life-altering events that for one reason or another require a change.

According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change events over the last two years (see graph below):

You can add to this list job changes, the need to be closer to family, or simply a desire to fulfill a dream to live in another community or maybe even a different part of the country. Life goes on and does not take into account current affordability challenges brought on by  mortgage rates and home prices.

As Claire Trapasso, Executive News Editor at Realtor.com, says: “High mortgage rates, elevated home prices, and stubbornly low inventory make today’s housing market particularly challenging, but many of today’s buyers are motivated by life changes, such as growing families, supporting elderly parents or grown children, or accommodating professional needs. . .”

You Can Depend on Us

Whether you’re beginning your search for a home or preparing to sell your current one, you don’t have to go it alone. With the expertise of professionals — like the two of us — you have valuable partners who can help you smoothly transition through these big moments in your life.

You may have read this before — we recently sold our home of 28 years and downsized. We had the same concerns as you do now about prices and where interest rates were heading.

When Buying a Home

If you’re welcoming a new addition and need more space, a new home may be a top priority. While home prices and mortgage rates are creating challenges for buyers, your changing needs may take priority.

We can save you a considerable amount of time and stress. We know the housing market and can tell you if that house you just saw on Zillow is really the one for you. We can suggest homes that you might have not considered. We also work with several reputable lenders who can help you to get the best financing possible.

When Selling a House

If you’re retiring or going through a separation or divorce, your main focus may be to make the most out of your investment when selling your house, so you can find one that works better for you moving forward.

This is another place where we can help. We can accurately assess your home’s market value and show you how your equity can help power your move; suggest improvements to enhance your home’s appeal, and craft a successful marketing plan. We’re experienced negotiators and can make sure you get a fair price for your house, so you can move on to the next chapter of your life with confidence and peace of mind.

If you’re moving out of the area, we can refer you to experienced professionals across the country and around the world because of our long time relationship with the Tom Ferry Organization. We speak with our personal business coach every week and have made hundreds of connections from attending small and large events (from 500 to 5,000!) that the Ferry group sponsors.

So, helping you make the best decisions for your personal situation is not a sterile exercise for us. We understand your concerns — remember, we just sold and bought ourselves! — and we can help.

If life is telling you that it’s time to move on, please connect with us at 508-360-5664 or [email protected].

Talk soon…

Mari and Hank