4 Reasons To Sell Your Home In 2019

1) interest rates are still low (below 5%), however they are likely to rise in 2019 and homebuyers looking to get the lowest rate possible will try to make a deal sooner than later.
2) You have high equity! If you bought your home before 2015, you likely have lots of equity which you can use for a huge down payment on another home or buy a home all cash in another state.
3) New buyers are still entering the market as interest rates rise. Some buyers will lose interest in purchasing, so be ready to see occasional drops in buyer activity, however with the housing inventory remaining low, even with the rising interest rates, buyers who are ready to make a purchase will still shop for homes.
4) Selling in 2019 vs 2020. If not selling your home in 2019 means putting your home on the market in 2020, the sooner option is the best one. In a survey of economists and real estate experts by Zillow, 50% expect a recession to occur in 2020 and 24% expect a recession to occur in 2019.

Bottom Line: Real estate markets are cyclical and current patterns indicate a sudden upswing of home buying activity or prices is unlikely in the near future (Source: yahoo finance)

Posted on December 17, 2018 at 6:34 pm
Steven Galindo | Category: A Thought About Real Estate, Home Seller Advice

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