Looking In The 250k Range On Homes Or For A Deal This Is The Blog To Read

Dated: 05/20/2019

Views: 114

Moving-Up to a Luxury Home? Now’s the Time!

Moving-Up to a Luxury Home? Now?s the Time! | MyKCM

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer which can eventually lead to a price change.

Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home.

The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

In a Washington Post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:

“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”

Bottom Line

The best time to sell anything is when demand is high and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.


So you want a 💎Luxury 🏡home or at least one that is a deal or maybe one that will not cost you a arm and a leg.  We all do.. Call us today and talk about area, price and what your wants and needs are.. we have offline deals all the time that can help you get a steal today!

Ann Norton 330-412-9799

Josh Twitchell 330-412-7413

Blog author image

Ann Norton

I am dedicated to you! I will give you a 100% all of the time day or night! I will get you the house you want for the price you want! I will sell your house and get it done quickly! I think outside th....

Want to Advertise on this Site?

Latest Blog Posts

Easy Fast PreApproval

Want to be Pre-Approved👀? Need more info🤷‍♀️? We want to help you have the first steps to purchase a HOME! we help you not only be ready📃but be CREDIT READY...

Read More

Getting Ready To Sell Be Sure To Do These 10 Things

Summer is the New Spring for Real Estate  Some Highlights The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer.

Read More

We Have Your Answers To Get Out Of Debt Fast And Buy A Home

6 things to get out DEBT and buy a HOME!!!1. Study your spending Habits2. Eliminate your biggest debt first3. Lower your interest rates4. Estabish an emergency fund5. stop adding to your debt6. cut

Read More

What Information Do You Need To Make A Offer On A Home

Ever wonder what you need to have to make a offer on a home? We have the info you need!! Any questions please reach out and we are here to help you!We offer Free credit repair😲😲We offer

Read More