If you're thinking about selling your home but aren't sure, you might have some questions on your mind—like whether moving is the right choice in today's market. You could be contemplating if it's a good time to make a move, or feeling anxious that you won't find a house that fits your needs.

To ease your worries, let’s address these two concerns directly.

Is It Even a Good Idea To Move Right Now?

If you already own a home, you might be hesitant to sell because you're worried about stepping into a higher mortgage rate for your next place. However, moving could be more attainable than you realize, and that’s largely due to the equity you’ve built up in your current home.

Equity is the value of your home today after subtracting what you owe on your mortgage. With the fast appreciation we've experienced in recent years, your equity has significantly increased. Curious about the specifics? Dr. Selma Hepp, Chief Economist at CoreLogic, can shed some light on the numbers.

““Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”
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— Dr. Selma Hepp, Chief Economist at CoreLogi

This can really change the game when it comes to selling your home. By leveraging your equity, you can make a larger down payment on your next property, which means you’ll need to borrow less at today’s mortgage rates. In some instances, you might even have enough to buy your next home outright in cash, completely bypassing mortgage rates.

Your equity might just be the key to unlocking your next move.

Will I Be Able To Find a Home I Like?

If you're thinking about this, you likely recall how limited the supply of homes for sale was in recent years. It was almost impossible to find a home to buy with so few options available.

Finding a home these days isn't as tough as it seems. The number of homes for sale is on the rise, which means you have more choices. According to data from Realtor.com, inventory has increased by nearly 30% compared to last year.

Inventory may still be lower than it was before the pandemic, but it’s the highest it’s been in a long time. This gives you more options for your move. However, it’s important that your house stands out to buyers. This creates a good opportunity for you.

It's worth mentioning that this balance can differ from one local market to another. In some areas, you might find a higher number of homes for sale compared to others. That's why teaming up with a local real estate agent is the best way to get a clear picture of inventory trends in your area.

Bottom Line

If you're considering selling your home, I hope these worries haven't kept you up at night. With this information, you should see that you don't need to let the what-ifs hold you back any longer.

Connect with me so you can get the information and local insight you need to make your next move.