Nancy and Dan Lynch, who became empty-nesters this summer, looked at the changing market for houses and decided to sell their Chanhassen home of 25 years.
The house sold quickly and for far more than they were asking, but the couple decided to move into a rental rather than immediately look for another one.
“Our biggest motivation was wanting to capitalize on the hot housing market before things slowed down,” said Nancy Lynch. “Flexibility is our new mantra.”
Home sales in the Twin Cities are slowing after mortgage rates doubled and the supply of homes for sale fell. Lately, more people are selling and then waiting to buy.
It’s a risky move. Timing a market in…
Read More:As interest rates rise, some sellers in the Twin Cities decide to wait before buying again
2022-10-16 22:24:04