{"id":1764,"date":"2021-06-03T13:59:19","date_gmt":"2021-06-03T13:59:19","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1764"},"modified":"2021-06-03T13:59:19","modified_gmt":"2021-06-03T13:59:19","slug":"dreaming-bigger-home-not-buy-year","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/dreaming-bigger-home-not-buy-year\/","title":{"rendered":"Dreaming of a Bigger Home? Why Not Buy It This Year?"},"content":{"rendered":"
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Dreaming of a Bigger Home? Why Not Buy It This Year?<\/p><\/div>\n

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it\u2019s time to make a move. If you\u2019ll be able to work remotely for the long-term or your overall needs have simply changed, it\u2019s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today\u2019s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market.<\/p>\n

With so\u00a0few homes<\/a>\u00a0available for sale and high demand from today\u2019s homebuyers, sellers are profiting in major ways this season.\u00a0Bidding wars<\/a>\u00a0are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers are able to leverage extra cash from higher-priced sales while also taking advantage of today\u2019s\u00a0low mortgage rates<\/a>\u00a0when they purchase their next home. It\u2019s the perfect scenario to move up into a true dream home. According to the\u00a0April Luxury Market Report<\/a>\u00a0from the\u00a0Institute for Luxury Home Marketing<\/em>:<\/p>\n

\u201cThe Institute\u2019s recent analysis of sales in 2020 for homes over 5,000 square feet support the continuing preference for larger homes. The analysis determined that there was a\u00a017% increase in the number of 5,000+ sq ft homes sold when compared to the number of sales in 2019<\/strong>.<\/em><\/p>\n

Luxury home prices continue to see record highs in the majority of affluent ex-urban communities, as the influence of being able to work from home is still driving buyers away from living in high density areas. Low interest rates also remain in play, allowing buyers to realize the affordability of owning a larger property, which further reinforces this trend.\u201d<\/em><\/p><\/blockquote>\n

Lawrence Yun,\u00a0Chief Economist<\/em>\u00a0for the\u00a0National Association of Realtors<\/em>\u00a0(NAR), also\u00a0explains<\/a>:<\/p>\n

\u201cThe market is hot pretty much everywhere and across all price points . . .\u00a0The only area where there is sufficient inventory is in $1 million-plus homes<\/strong>\u00a0. . . .\u201d<\/em><\/p><\/blockquote>\n

While this price range certainly doesn\u2019t fit every budget, if it\u2019s in your reach this summer, you may want to make your move sooner rather than later. Today, more homes are available in this segment of the market, but as the report mentions, more buyers are investing here too, so competition may heat up sooner rather than later.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re planning to sell your current home to move into a larger one, let\u2019s connect today. We\u2019ll discuss your current situation and the opportunities in our local market.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it\u2019s time to make a move. Finish Reading Dreaming of a Bigger Home? Why Not Buy It This Year?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[196,38,18,27,91,9,49,42,23,40,63,20,12,48,13,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1764"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1764"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1764\/revisions"}],"predecessor-version":[{"id":1766,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1764\/revisions\/1766"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}