Should you sell your home in 2019? Absolutely, and here’s why.
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Home prices have been on a meteoric rise for years, inventory is incredibly low, and the market continues to favor sellers. If you haven’t thought about it already, here are five reasons why you should sell your home this year:
1. When there is little inventory, there is little competition. If you list now, you may be the only listed home in your area, which means you’ll get much more attention. Inventory is beginning to increase, however, so you’ll see more competition over time.
2. In a seller’s market, you tend to make more of a profit. We’ve seen home values increase dramatically over the last few years. This is beginning to slow down, however, and waiting to sell doesn’t guarantee you’ll make more down the road.
“INVENTORY IS INCREDIBLY LOW, AND THE MARKET CONTINUES TO FAVOR SELLERS.”
3. There is a high demand for homes under $300,000. If you’re in the entry-level price point, you’ll enjoy a lot of attention from first-time homebuyers. The price range between $150,000 and $225,000 has a high demand for homes and a low inventory, allowing you to really capitalize on your sale.
4. Mortgage rates are low. We’re at a 12-month low of around 4.25%, and this contributes a lot to buyer demand.
5. There are a lot of millennials entering the market. People tend to buy their first home around the age of 30. Since many will reach this age within the next two years, it means there will be many new buyers in the market, which will push price and demand upward.
If you’re ready to get your home on the market or wanting to learn more, feel free to reach out to me. I look forward to hearing from you soon.
