Most people have heard that the real estate game is about location, location, location. Today, the conversation centered around selling a home is dominated by recession, inflation and uncertainty about the future of the market. This post aims to explore some of the uncertainty that's associated with selling your home during a cooling market. In time, most of us have experienced significant shifts in the real estate market. This constant flux is a cycle of home price appreciation followed by a swift decline in housing demand. If you're feeling uncertain about what happens next, rest assured, there's a lot of moving parts and it can be hard to wrap your head around. Perhaps, your life focus isn't tied to the market and come time to sell your home, it may feel intimidating to jump in and trust you've got a solid grasp on current conditions and where things head next.

Sellers Market

Let's be honest, when prices are rising, most homeowners are open to the prospect of cashing in selling their home during a rising tide. The challenge becomes finding your next purchase amid the market of savvy buyers competing for a great deal.

Buyers Market

Perhaps selling a home during a cooling market isn't something you've been excited about in the past. We can use this post to explore some of the opportunities and challenges present in the current market. It's true, your home sale now may fetch a lower price than a year ago. When your home value has been consistently appreciating, seeing a price drop can be quite the shocker. It's very likely your home has not depreciated to less than when you bought it, so with that in mind, consider that most people would say you're winning.

Making Your Move

If you’re a seller currently stuck in the loop of dreaming, hoping, anticipating or even dreading a home sale, here are some insights to help you move with confidence through the uncertainty. 1. If you need to relocate for any of the myriad of reasons people typically move, you may not have the luxury to time your move, so let's be honest and forget the fret. 2. If you have the luxury of moving at your leisure, consider yourself fortunate. Most people are interested in timing the market to make the most of their home sale. Rest assured, there's no amount of information that will dictate the “perfect” time to sell your home. The perfect time is what works best for you and your life. 3. Research financing options. Whether you’re getting a new loan, refinancing, or looking to lower your payment, there are many different mortgage options. A mortgage calculator can help you figure out how much you can afford in just a few minutes. Lenders are often happy to speak at length about the various loan terms available. 4. If you are selling your home and haven't found your next purchase, CoreMark Homes offers a seller-leaseback. Our leaseback agreement allows you to receive payment for your property while you still live there. With equity from your home sale in hand, sellers have the option to lease the property back from us up to 60 days. While selling a property and renting it back from us may not sound commonplace, just over 20% of sellers have taken advantage of a leaseback. More information is available at https://coremarkhomes.com/seller-leaseback/ 5. Depending on your location, the absence of bidding wars, may give the impression of a slower market. Use this time to get to know neighborhoods and really look closely at the available inventory of homes on the market. Weigh your pros and cons, monthly expenses, commute time and local schools. 6. Being aware of what's important to you can be a superpower that helps you unlock your ideal scenario. Buying and selling homes can be a stressful time, so please don’t get discouraged. If you do, know it happens to the best of us.

Cash Offer CoreMark Homes

While you can’t always count on a hot housing market, you can count on the certainty of a cash offer from CoreMark Homes. No matter where you are on your home selling journey, we'd encourage you to take a moment to find out why a growing number of sellers choose CoreMark.