When you decide that the time is approaching to put your home on the market, you probably take special interest in exploring the conditions that are likely to motivate families to buy your Maryland area home. Most of the research on the subject indicates that it has at least as much to do with how people live their lives as it does with external forces – like changes in the economy or jobs market. When you spend as much time as I do chatting with people who are in the hunt to buy a house, you’d probably agree.
For instance, when Maryland “empty nesters” come to the conclusion that supporting more house than they need is wasting their resources, finding the right smaller place can become increasingly appealing. The idea that they could buy a house that’s right-sized for them – and come away with extra cash to support more travel and leisure activities – can soon become Priority #1. The current status of the real estate market doesn’t come as close to a determining factor, as their financial future without the burden of an oversized home.
In the same way, there’s nothing like the arrival of a new baby to prompt the decision to buy a house with an extra bedroom or two. Likewise, when a youngster is approaching school age – but your school district isn’t quite up to par – a move across town might suddenly beckon.
When the time comes to buy a house, people tend to take more seriously these kinds of long-term issues. Since there is a whole universe of possible changes in income or family situation that life can send our way, it does make sense to delay some decisions for a while. You have to MAKE SURE before you make such a huge decision, that ultimately it will be a correct decision.
If the move is from going from renting to owning, the dollars and cents wisdom is usually clear enough. Across the U.S., rents are rising quickly enough to practically guarantee the practicality of making such a move – even if only because of the ‘forced savings’ advantage that ownership brings. If a move is contemplated to a larger or a smaller home, or from one Maryland neighborhood to another, developments in the economy or particulars like changes in the mortgage rate may influence the decision, but not lead it. Family matters motivate most moves. It’s more about happiness then merely being solely about dollars and cents.
Such outside factors may not be very decisive, but the good news is that this fall is one of the times when many of them are in place to make buying or selling your Maryland home more attractive than usual! If you’d like to see where the market stands in conjunction with your current AND future housing goals… turn to ExecuHome Realty for the best and most experienced Real Estate guidance available in the area. ExecuHome is proudly born and raised in the Great State of Maryland and we can’t to help you fulfill your goals when it comes to making the right decisions in the Real Estate market. Call us today at 443-632-3800. We are home to over 350 of Maryland Best Realtors!
CLICK HERE TO SEARCH THE ENTIRE MLS!
CLICK HERE TO CONTACT US TODAY!
