The market has made a big turn since the crash that started back in 2007. In fact, home sales have recovered nearly half what they had lost. Over the past few months, the home market has largely been in favor of sellers, but is it starting to change?

According to the National Association of Realtors (NAR), the pending homes sales index fell over 5% in September. The index represents the number of homes that are likely to be sold within the next two months.

With home sales showing signs of slowing down, and interest rates having moved back down, is it time to move?

While no one should answer that question for you, there are experts that you can go to for advice. The decision is very individual and there is no market situation that would ever lead to the same answer for everyone. So here are some questions you should ask yourself before deciding to move.

What is the status of your finances as a whole?

Have you had problems meeting all your financial obligations? I know this may seem obvious, but you would be surprised at how often this is an issue. It can be a hard pill to swallow, but does your current financial struggles suggest actually downsizing? Or maybe a simple refinance will ease the burden?

On the other hand, are you managing your finances in a way that you are aggressively paying off debt and/or adding to your savings? If this is the case, the next question is definitely for you.

How are your family’s physical space needs going to change in five years?

Do you have young children? If so, they are likely going to need additional room as they get bigger and more involved in sports and hobbies.

Or are you getting closer to becoming empty nesters or nearly empty nesters? If this is the case, maybe it’s time to look into a home that is easier to manage by a smaller workforce than the whole family.

Is there a renovation that could fix your troubles?

Are some of the things that bother you about your current home fixable through a remodel? Many times people just need some change in their lives and a remodel can fill that need and improve your living conditions.

Remodels are one of the best ways to invest your dollars. Often times the money invested in a remodel increases your home’s value enough to give you a 100% return on investment. One of the best ways to get cash for a remodel is a VA 95% cash out refinance.

Obviously what you decide to do depends mostly on your individual circumstances. There are many people and organizations out there that can help you make that decision, or at least give you some insight.

Creekside Mortgage, Inc is a company of United States Veterans who are dedicated to helping other Veterans, Military families, and people just like you realize their homeownership goals. Call us today at 1.800.920.5420.