A Tale of Two Markets

If your house no longer fits your needs and you are planning on buying a luxury home ($2M+) now is a great time to do so! Recently, the Institute for Luxury Home  Marketing released its Luxury Market Report which showed that in today’s premium home market in Orange County buyers are in control. This means that homes are often staying on the market longer or can be found at a  discount.   Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home. The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on two million-dollar home is $100,000.    The best time to sell anything is when  demand is high, and supply is low. If you are  currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a  luxury home, now’s the time to list your house for sale and make your dreams come true. Call us today  714.343.9294 and visit stovallteam.com

   Sources:  Institute for Luxury Home Marketing, Micah Stovall, Stovall Team