Is It Time to Move Up or Downsize?
Life changes often spark the question: Is it time to move up or downsize? Whether you’re craving more space or looking for something easier to maintain, Southern California’s current market conditions may influence your decision. Inventory is up across most counties, giving buyers more choices and negotiating power, especially for those looking to upsize. Sellers can still find success, but realistic pricing and strategic marketing are key as growth slows and competition increases. While some areas like San Diego remain strong, others are seeing slight price softening. Partnering with a local expert can help you decide if now’s the right time to make a move that fits your lifestyle and goals. Contact us if you’d like to examine your options.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
