Yes, interest rates are important. But when you’re considering a move, they are not the only thing to consider.
In an ideal world, you would move to a new home when interest rates are low. However, you and your circumstances are more important than interest rates. There are many reasons to move that trump fluctuations in rates; keep reading to learn more.
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Relocation
Have you changed jobs recently? Want to be closer to friends, family, and loved ones? Just need a change in scenery? It’s time to relocate. Your mental health is more important than interest rates, so if you want to relocate, now is the time.
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Upgrading
Do you need more room to entertain, create a home office, or accommodate your growing family? It sounds like a home upgrade is in order. Your home should fit your needs; you don’t have to change to fit your home.
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Change in Relationship Status
If you’ve recently been married, separated, or divorced, you probably need a new living space. Selling your current home and downsizing may be the best option.
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Health Concerns
If you or your spouse is facing mobility challenges or health issues that call for specific living arrangements, it may be time to find a new home. For example, going from a two-story to a single-story house could be life-changing. Or you may be looking to sell your home and use the proceeds to help pay for an assisted-living community.
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Downsizing
With inflation contributing to the rise in everyday expenses, you may just want to cut down your cost of living by downsizing. Or if someone has recently moved out of the house, you may not need as much space (or want to maintain it). If this sounds like you, it may be time to sell.
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In conclusion, though interest rates remain relatively high in the current real estate market, that shouldn’t deter you from moving if your situation calls for it. If you would like to learn more about how to find your perfect home in today’s real estate landscape, connect with your local Surterre agent today at SurterreProperties.com.
