Why You Should Consider Selling Your Home in 2018
If you’ve decided this isn’t the year to sell your home, perhaps you should think again. A Harris Poll conducted to get a feel for housing plans and ownership for 2018 was conducted. They found that 31% of respondents expect 2018 will be a great year for selling.
However, only 6% of homeowners polled say they plan to sell their home this year. Why is this good for you? Supply and demand.
Here’s why you should consider selling your home this year:
Buyers Are Ready
Many buyers have been incredibly disappointed over the past few years with low inventory in many of the major markets. This is encouraging them to shop at the start of the new year to get the properties they want.
The best time to sell your home is usually between March and June, but because buyers are eager this year so you can capitalize on your home at any time. Especially in Georgia, the weather is good for selling your home during almost any season.
Interest Rates Are Still Low (But Not For Much Longer)
Many buyers and sellers have been benefiting from low-interest rates over the past few years. Though the rate isn’t at the 3% we’ve seen recently, the current average rate for a 30-year-fixed-rate mortgage was 4.17% in January according to NerdWallet.
These rates are on the rise, even if they don’t spike immediately. The forecast is that these rates will increase substantially over the next few years, making it more difficult to sell your home. Take advantage of the lower rate for buyers now and get your home listed by the best agent possible.
Renovation Returns Aren’t Back
Zillow predicted that many homeowners will choose to renovate and update their homes this year rather than selling. However, these renovations will not have a 100% percent return when the time rolls around that you do want to sell.
Additional money you spent on your home is going to end up being much less in returns that the amount that an actual buyer will pay. To really take advantage of the seller’s market, don’t overlook the opportunity of putting your home up for sale in a short inventory market.
Up your curb appeal, change the things about your home that are dated, and appeal to the best buyers.
2018 is a great year for selling a home. With low-interest rates and a plethora of ready buyers and renovations without returns, you’ll get the offer you’re looking for in no time.
To garner the highest offers and sell your home in a timely manner, hire the best agent in the Atlanta real estate game. Contact us today.