I want to sell my current house and move into a bigger one. How do I know whether I should do it now or wait?
Compare your current equity, expected net proceeds, replacement-home price range, financing, monthly payment, and available inventory before deciding. Waiting can change rates and prices in either direction, so the decision should be based on whether the move works for your household now rather than on trying to perfectly predict the market.
Compare the move as one financial picture
Look at your current equity, likely net proceeds, replacement-home price range, financing options, expected monthly payment, and the inventory available in the areas you are considering.
Do not base the decision on a perfect market prediction
Rates and prices can move in either direction. The more useful question is whether the move works for your household, finances, and timing now, with enough flexibility for the normal uncertainty of a real estate transaction.
Coordinate the sale and purchase plans
Review the seller net proceeds guidance, financing resources, and property search together so the sale and replacement-home plan are built from the same numbers.
California and San Fernando Valley context
Selling in the San Fernando Valley is property-specific. Pricing, preparation, replacement-home inventory, financing, and the timing of competing listings can affect whether it makes sense to move now, wait, or coordinate a purchase with the sale.
References
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