Is It Time to Sell Your Penryn Home?

California home sales totaled 536,600 in 2021. This figure is 22% higher than the sales in 2020. As a result, California continues to be the most valuable housing market in the U.S. Specifically, Penryn’s sold home median price is $1.5 million. Is it time to sell your Penryn home? If you’ve lived in your home for a few years, you’ve likely got a lot of equity. This is true of all South Placer County homes.

Here are three reasons to sell your Penryn home. Maybe one of these is the reason you’re considering selling.

1. You Need to Upsize or Downsize

Outgrowing your home is an excellent reason to sell your Penryn home, and it’s common among young families. A growing family needs a bigger space. Teenagers may also need more privacy and space for learning and playing.

Conversely, after the kids leave the nest, you could be looking to downsize to reduce expenses and maintenance around the house.

Changes in life stages usually require changes in living situations.

2. Too Much Maintenance

Does your house need serious attention? Is keeping up with regular maintenance lost its allure? If you’ve got a parcel of size, keeping up with it may be too much. Moving to a home with less maintenance that requires less upkeep may be what you need. 

If unexpected repairs keep coming up, your repair costs and other additional costs can be stressful. While you can forego some costly maintenance to save a few dollars, you may end up spending more in the long run. If the issues around the house have become too much, it may be time to sell. 

The number of homes for sale is low and selling a home in “as-is” condition is possible if priced right.

3. The Real Estate Market is Blazing Hot!

The real estate market in South Placer County is hot right now, but we don’t know how long it will stay that way. With interest rates suddenly increasing over the last few weeks, this will likely price some buyers out of the market entirely.

When that happens, fewer homes will sell, and inventories of homes for sale will increase, slowing down the appreciation in home values. This gives buyers more choices and they can be more picky about the home they buy.

Making the most from the sale of your home is about striking while the proverbial iron is hot! Now is a great time to sell.

Have you decided to sell your home in Penryn? If so, give us a call. We’d love to help you get moved and on your way. Please click here for our contact page, and we’ll respond personally and promptly. 

Thanks for visiting!