Just Because Home Prices Are High Does Not Necessarily Mean You Should Sell Your Home


Just Because Home Prices Are High Does Not Necessarily Mean You Should Sell Your Home
By Scott Rogers • July 15, 2021
Yes, clearly, home prices are quite high right now! The median sales price of properties sold in Harrisonburg and Rockingham County increased 10% in the past year. The median sales price increased 21% over the past three years. So, yes, your home is likely worth a good bit more than it was a year ago... or three years ago... or seven years ago... and so on. But, that doesn't necessarily mean you should sell your home. Let's assume you can sell your home quickly AND at a higher price than you thought. Where will you go? Are you planning to buying again? You'll probably pay a higher price than you thought. Are you planning to rent for a while? Are you hoping to buy when (more likely if) the market cools off a few years from now? Before we rush right into getting your house on the market for sale because prices are so high, let's think through where you will live next -- to make sure it is the best overall financial decision to sell your house now. We might very well conclude that it would best for you to NOT sell your house right now -- and I am happy to talk things through with you to figure out whether to sell -- or stay! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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