Why 2019 Is the Perfect Time to Sell Your Home
If you’re looking to sell your home, 2019 is the year for you. Of course, there are a lot of little nuances that can affect your ability to sell your home and so you’ll want to have a plan in order.
If you’ve been wondering if 2019 is the right time to sell your home, the answer is definitely, yes! Let the expert McAllen realtors at Equity Assets Realty give you the tips to accomplish your goals in 2019.
Reasons to Sell Your House in 2019
1. Selling Your House in 2019 vs. 2020 (or 2021)
Forecasts suggest that 2019 will be an economically stable year. A study conducted by real estate database company Zillow surveyed 100 U.S. real estate experts in which it was concluded that about half of the panelists expected a recession to come in 2020, while others believed it wouldn’t come until 2021.
In other words, if you are debating whether to sell your house sooner or later, you should definitely go with sooner.
2. There Are Plenty of New Buyers
Despite interest rates increasing, there is still a steady inflow of new home buyers into the market.
While there may not be an overabundance of bidders, there are sure to be enough new buyers interested to help move your home. According to a poll conducted by Trulia in November of 2018, Millenials are the new wave of home buyers, with one-fifth of Americans between the ages of 18 and 34 looking to buy a house in the next 12 months.
It’s worth noting that the market is not at it’s highest peak, however. So if you notice your house staying in the market a little longer than longer, this is to be expected. You can – and will – sell your house.
3. You Have High Equity
If you bought your home close to the 2007-2009 recession, chances are you purchased it with low interests rates and an equally low price.
Your home equity is the difference between what paid and owe and the home’s current market price. Chances are your house has rapidly appreciated over the last decade and your equity has grown with every mortgage payment you have made. The higher your equity, the more you will get paid for your house, and the better a down payment you can put down on your future home.
4. Interest Rates Are Still Low
While interest rates are not at their lowest historical point, they are definitely far from being at their highest.
Current rates may encourage many homebuyers to take the leap this year before the rates go up again. It should also encourage you to sell as soon as possible.
The longer you wait, the higher the risk the rates go too high for you sell within a reasonable amount of time.
Tips For Selling Your Home in 2019
The following tips can help you to successfully sell your home in 2019.
1. January and February Are the Busiest Months
Everyone is looking to get the new year started on the right note. Take the chance and sell early in the year.
2. Find a Great Real Estate Agent Early in the Year
Having an experienced McAllen realtor is key to selling your house efficiently and at a great price to you. Contact the expert real estate agents at Equity Assets Realty for more information on how we can help you in 2019.
2. Declutter and Pack
When you are getting ready to sell, it’s time to pack up all the non-essentials and get rid of anything you don’t need anymore.
Spacious, decluttered homes are more attractive and easier to sell.
3. Give Your Home an Upgrade
Upgrading anything that seems off or old is a great way to add value to your home. Even simple changes, like fixing up old faucets or replacing worn door knobs, can make a huge difference.
4. A Fresh Coat of Paint Can Do Wonders
One of the things buyers love to see are clean, newly painted walls in a home. We recommend going with neutral colors. Whites and light beiges are excellent at reflecting incoming light and making a home look more spacious.
5. Fair Pricing is Essential
Price is still king. Even if the mortgage interest rates don’t go up, buyers can become quickly uninterested in a house that seems to be overpriced. Always price your house fairly.
Do NOT try to overprice in an attempt to get some extra cash. It’ll make it harder to sell the house.
6. Share, Share, Share!
While having an expert real estate agent can make all the difference in the world, it doesn’t hurt to have friends and family share information via social media or through word-of-mouth.
7. Keep the 30-Day Rule in Mind
If your home has not sold in 30 days, the selling strategy needs to change. Is the price right? Is there anything that needs to be remodeled? Ask what can make your home more enticing and fix what you can.