Perhaps you have been thinking about selling your house for some time. Or maybe you haven’t. Whatever the case, 2018 is an exceptionally good year to sell your home. In a survey administered by Trulia, it was estimated that 31 percent of respondents expect 2018 to be a better year for selling a home than 2017 – and just 14 percent expect it to be worse. However, only 6 percent of those surveyed have current plans to sell their house.
However, it still seems like an optimistic time for the housing market. Zillow has echoed the exciting sentiments of Trulia by predicting that inventory shortages will drive the housing market forward. Basically, there are too few homes on the market, and subsequently, it’s a sellers market as prices increase and buyers are forced to submit generous offers to beat out the competition.
Namely, buyers really are chomping at the bit. Over the past years, potential homebuyers have experienced frustration in the wake of a lacking market. This is pushing them to start home shopping early in the year- so as to beat out any competition. HomeLight, a real estate site, saw a 25 percent traffic spike on its website on Dec. 26 of 2017, with increasing rates of traffic through the first part of the new year.
The COO of Homelight says, “Folks have generally turned their attention away from the holiday and time with family and friends, and moved onto the new year and what they want to accomplish. And for many people, that tends to be where they want to live.”
So when is the best time to sell your home? Well, it is estimated between March and June. Spring is typically the best time of the year for selling your home. This trickles into the summer months, which are also beneficial because families like to move in between the school years of their children.
However, the housing market won’t be this ideal forever. Eventually, home builders will construct more simple, entry-level homes to meet the demand of home buyers. It is predicted that that may even happen within the year. What this means is that you don’t want to wait too long to put your home on the market, because if you do, you may have to compete with these newly constructed houses.
Another good reason for selling your home in 2018 is that interest rates are low- for now. Low interest rates can make it easier for both you and the buyer to have a successful home sale and transaction. In the second week of January, the average interest rate for a 30-year fixed-rate mortgage was 4.17 percent, according to NerdWallet. Mortgage rate averages reached more than 4.4 percent in 2017, and are expected to rise 4.6 percent this year, 5 percent in 2019 and 5.3 percent in 2020. Namely, it’s a really good time to sell or buy.
Another reason some are looking to sell is to relocate to an area with cheaper property tax. The passing of the Tax Cuts and Jobs Act at the end of 2017 means that there will be widespread home-related tax policy changes for the 2018 calendar year, especially for those who live in states with higher taxes.
The reasons for selling your home in 2018 still stand when operating via a real estate buyer. In fact, real estate buyers make the whole deal much sweeter. FL Real Estate Buyers can offer cash on the spot for your home. Just imagine what you can do and where you can go in 2018 with the fair appraisals offered by FL Real Estate Buyers.