Here in San Diego, many people are asking the same question: “Should I stay in my current home because my interest rate is low, or should I finally sell?”
It may feel safe to keep a low monthly payment. But there is a hidden cost to waiting. If your current home doesn’t fit your lifestyle and preferences anymore, you are paying a “lifestyle tax.” San Diego home prices usually go up over time. If you wait 2 or 3 years to move, the home you want will likely cost much more than it does today. By moving now, you start building equity in a house that actually fits your needs.
Why is it smarter to sell and move now?
I know it feels safe to stay in your current home because of your low interest rate, but waiting can actually cost you more money later. According to the San Diego Association of REALTORS® (SDAR), home prices in San Diego went up about 1.3% this year to a median of $925,000. Data from Altos Research also shows that home values and equity in our area usually grow another 3% to 5% every single year. If you wait for rates to drop, many other buyers will jump in, which pushes prices even higher and makes your new home much more expensive. When you move now, you stop waiting and start building equity—which is like a savings account inside your house that grows as the home value goes up. By making the move today, you get into a home that actually fits your life while your money starts growing right away.
If you feel stuck or aren’t sure if the numbers make sense for you, I am here to help. I’m Shirin Rezania Ramos, and I specialize in making the selling and buying process easy to understand. I can look at your specific situation and show you how we can make your next move happen smoothly. Reach out to me today at 858-345-0685 and let’s talk about your goals!
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
