If you’ve been on the fence about listing your home for sale, you might want to take action soon. That’s because 2019 is shaping up to be a great year to sell your home.
Though deciding to sell your home is a big step and requires that you weigh your options, spending too much time waffling back and forth could mean that you miss a prime time to get the most value for your property.
That being the case, consider the following as top reasons to list your home sooner rather than later.
Reasons to Sell Your Home in 2019: Mortgage Rates are Falling
Though all indications were that mortgage rates would continue to rise, something interesting has happened in 2019.
At the end of 2018, mortgage rates were in fact going up, but since the calendar flipped to 2019, rates for 30-year fixed-rate mortgages have declined.
In fact, as of this writing, the interest rate on a 30-year fixed-rate loan is 4.33%, down from 4.37% in February.
This is good news for you for a couple of reasons. First, it means you can get a lower interest rate for your new home, and second, it means more people will be hunting for homes thanks to more affordable mortgages.
So, while rates are attractive, kill two birds with one stone and sell your current home while getting a better deal on your next home!
Young People are Looking for Homes in Large Numbers
Nationwide, millennials are buying houses in record fashion.
That’s because there are a lot of millennials, and younger members of that generation are reaching the prime real estate buying age.
Not only that, but young people are looking for less expensive properties, which opens the opportunity for homeowners in a starter home to trade up, so to speak, to a larger home that better fits their lifestyle and family needs.
Even older millennials that are in their mid-to-late 30s are expected to be looking for new homes in larger numbers this year, so, again, this gives you an opportunity to capitalize on the potential increase in demand for homes and sell your current property while demand is on the rise.
Realtors Have More Tools Than Ever to Get Your Home Sold
As a Realtor, these are exciting times because there are so many ways to market properties for sale.
It seems like it wasn’t all that long ago that we had to rely exclusively on our signage in front of homes and ads in the newspaper to get the word out about a property.
But now, we not only have the use of the internet and social media to promote our listings, but there are new technologies that allow us to connect with potential buyers in a much more efficient and productive manner.
One such technology is Amazon’s Echo devices, which we just recently began using in select homes.
Having these devices in our listings allows potential buyers to learn more about the property as they tour the home. It also gives their Realtors more insight into what the home offers, as it is difficult for Realtors to know every detail about a home that isn’t their listing.
The benefit of things like this is that if you do list your home for sale, your Realtor can create a robust, comprehensive marketing plan that gets your home in front of as many potential buyers as possible.
Granted, there are plenty of other factors at play in terms of getting your home sold, but effective marketing is certainly a primary determinant.
If you’re ready to sell your property, now is the time! Take advantage low-interest rates, an increasing number of buyers, and emerging technologies that Realtors are using to promote properties so you can get your home sold for top dollar while the market is hot.