3 Smart Reasons To Sell Your Home In 2019

3 Smart Reasons To Sell Your Home In 2019

3 Smart Reasons To Sell Your Home In 2019  

If you’re on the fence about selling your San Francisco, home this year or next, experts recommend that now is better than later. As uncertainty looms over 2020 or even 2021, 2019 is shaping up to be the best time to put your house on the market. Though it’s unlikely that 2019 will bring an influx of homebuyers to drive prices through the roof, it’s also unlikely to put home sellers into crisis mode.   

Don’t Wait 

If you recently bought your home and are still in the love phase, go ahead and wait another five years to think about a sale. But if you’ve been weighing your options about selling in the next couple of years, don’t wait. Here are four reasons why now is the better time for you to put up that For Sale sign. 

Four Reasons Why 

  1. New buyers are still looking. Interest rates might be rising, but buyers who are ready to make a purchase will still shop for homes. People whose jobs are transferring them to San Francisco, CA will need a place to live. The biggest wave of home buyers will be millennials who are making that first-time purchase. When surveyed, more than one-fifth of Americans between ages 18 and 34 said they plan to buy a home within the next 12 months. Houses may sit on the market for a few more days on average than in 2017, but buyers remain active. 
  2. Interest rates aren’t over-the-top high. Yet. Interest rates on mortgages are rising to be at their highest level since February of 2011. However, they remain lower than their historic high of over 18 percent back in 1981. The fed might raise interest rates, but that doesn’t mean that mortgage rates will mirror this activity immediate. There is no perceived leap in interest rates for 2019, but they will begin to rise. Make a deal and plan to sell your house now before they do. 
  3. You have high equity. Those who bought their homes during or shortly after the recession enjoyed historically low interest rates. If you are one of those homeowners, your equity has risen with nearly every mortgage payment you’ve made, each renovation you’ve done, and every home on the block that sold for a higher price. The higher your equity, the more you make from the sale, and the more you can put toward a new home, which makes you look great to lenders. 

The Bottom Line 

If you can’t decide between putting your home on the market now or later, 2019 is a much better option than 2020. Real estate experts all over the country expect the next recession to hit in 2020. A small percentage believe that it will hit in 2021. Whether you believe that the recession will hit next year or hold off for longer, a sudden upswing in activity is unlikely in the near future. Do what you can to get ahead of the San Francisco, CA market this year. 

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