If you’re considering selling your house in today’s market, especially here in the Inland Empire area, you’re probably aware that the supply of homes for sale remains tight. This scarcity makes your property particularly attractive to buyers hungry for more choices. However, sellers are having a hard time answering the question: Once your house is sold, where will you move given the current limited inventory? How will you navigate this seller’s market to find your dream home?
Understanding the Current Market Dynamics
Before diving deep into the types of homes to consider, let’s look at today’s market. As of late 2023, the Inland Empire real estate market reflects national trends, with a continued shortage in housing inventory. This situation has driven up home values, making it a great time to sell. However, the flip side is the challenge sellers, who become buyers, face in finding available properties. This is the topic of today’s conversation: how to approach finding your next home!.
Exploring Your Options: Newly Built vs. Existing Homes
Now, let’s explore your options, starting with the advantages of new construction and then comparing those to the benefits of existing homes.
The Pros of Newly Built Homes
- Customization: Building a home from scratch allows you to customize every aspect of your new home, from the layout to the finishes.
- Energy Efficiency: Modern homes often incorporate the latest in energy-saving technologies, reducing your utility bills and environmental footprint.
- Fewer Repairs: New constructions typically come with warranties, meaning less worry about unexpected repairs.
- Brand New Feel: Everything in a newly built home is untouched and pristine, giving the new buyer a unique sense of ownership.
The Pros of Existing Homes
- Diverse Styles and Layouts: The Inland Empire has a rich architectural history and a wide range of home styles.
- Established Neighborhoods: Buying an existing home means moving into a community with a defined character and history.
- Mature Landscaping: Older neighborhoods often feature mature trees and well-developed gardens, enhancing privacy and aesthetics.
- Unique Charm: The character of older homes, with their timeless craftsmanship, can be irresistible.
Making the Right Choice
Your decision will depend on various factors, including your budget, timeline, and personal preferences. As noted by The Mortgage Reports, building a home provides more freedom in design but requires more time and involvement. Buying an existing home offers immediacy but might involve compromises.
The Role of a Local Real Estate Agent
As you navigate these choices, a local real estate agent is one of your most valuable resources. We understand the nuances of the Inland Empire market and can guide you based on what’s important to you. With our assistance, you can explore all available options and make an informed decision. After all, consider that we do this day in and day out, whereas you may make a move once every 5 to 7 years.
Bottom Line
If you’re considering selling your home in Riverside or San Bernardino counties, it’s important to give serious thought to your next move. The current market offers unique opportunities and challenges, but you can transition smoothly into your next home with the right approach and expert guidance. Let’s discuss your options and find what’s right for you, ensuring your next move is made with confidence and clarity. Shoot me an email, text or DM and we can figure out how to make your next move as smooth as possible!
