Many potential home sellers believe that rising interest rates have scared away buyers and therefore have not listed their property for sale yet. But, the truth is that buyers who were unable to find a home last year are out in force, and there are more coming.
Nerd Wallet’s 2018 Home Buyer Report revealed that: Approximately 32% of Americans plan to purchase a home in the next five years. About 49% of Millennials have such a purchase in their five-year plan versus 35% of Generation X and 17% of baby boomers. So, you can see, that buyers are optimistic. Now, according to the report, here are the top reasons Americans plan to buy a home:
If you’re a homeowner looking to sell, 2019 is the perfect year to put your house on the market because buyers want to buy right now before the interest rates go up and there will be less competition for your home this year than in 2020. Three of the top organizations that report on real estate market trends predict that more homeowners will be putting their home on the market in 2020 than this year.
So don’t wait for a more competitive market. Be ahead of the curve and sell your house at the best possible price.
Whether you are looking to buy your first home, a current home owner looking to move up to your next home, or you are looking to downsize, let’s get together to discuss your real estate needs!