{"id":2204,"date":"2019-04-03T05:00:52","date_gmt":"2019-04-03T10:00:52","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/looking-to-upgrade-your-current-home-nows-the-time-to-move-up\/"},"modified":"2019-04-03T05:00:52","modified_gmt":"2019-04-03T10:00:52","slug":"looking-to-upgrade-your-current-home-nows-the-time-to-move-up","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/looking-to-upgrade-your-current-home-nows-the-time-to-move-up\/","title":{"rendered":"Looking to Upgrade Your Current Home? Now\u2019s the Time to Move-Up!"},"content":{"rendered":"

\"Looking<\/p>\n

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes<\/strong>. In today\u2019s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.<\/span><\/p>\n

Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.<\/p>\n

This mismatch in demand and inventory has created a Buyer\u2019s Market in the luxury and premium home markets according to the ILHM\u2019s<\/em> latest Luxury Report<\/em><\/a>. For the purpose of the report, a luxury home is defined as one that costs $1 million or more.<\/p>\n

\n

\u201cA Buyer\u2019s Market<\/strong> indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and\/or price point.\u201d<\/em><\/p>\n<\/blockquote>\n

The authors of the report were quick to point out that the current conditions at the higher end of the market are no cause for concern,<\/p>\n

\n

\u201cWhile luxury homes may take longer to sell than in previous years, the slower pace, increased inventory levels and larger differences between list and sold prices, represent a normalization of the market, not a downturn.\u201d<\/em><\/p>\n<\/blockquote>\n

Luxury can mean different things to different people. It could mean a secluded home with a ton of property for privacy to one person, or a penthouse in the center of it all for someone else. Knowing what characteristics you are looking for in a premium home and what luxury means to you will help your agent find your dream home.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you are debating upgrading your current house to a premium or luxury home, now is the time!<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today\u2019s real estate market there are deals to be had at the higher end! 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