During their lifetime, the average American will move more than 11 times. This may be due to starting a new job, wanting to move into a larger house, or downsizing after the kids have moved out.
If you’ve been asking yourself “should I sell my house?”, you may be feeling a bit nervous. However, 2019 is a great time to put your home on the market.
Do you want to know why? Then keep reading to discover 3 reasons that make 2019 the perfect year to sell your house.
1. It’s a Seller’s Market
If you want to get the most money for your home, you’ll want to list it while it’s still a seller’s market. There are fewer homes available, so buyers will often pay more or go into a bidding war with other buyers in order to purchase the home they want.
You may think the higher prices would scare most buyers off. However, those who are moving for a new job or to upgrade their home to meet the needs of their growing family will still be in the market for a new house.
Of course, there is a catch. With more homes being listed, it’s expected that a buyer’s market will take over soon. So, if you’re planning on moving in the near future, it’s better to list your home sooner rather than later.
2. Millennials Are Entering the Market
Millennials are known for renting longer and putting off home-buying. However, the generation is finally entering the housing market. In fact, millennials accounted for 45% of all new mortgages at the end of 2018!
While there are older millennials who are looking to trade up into something bigger, it’s the demand for first-time homes that’s really on the rise. So, if your current home is under $300,000, now is the perfect time to list it.
3. A Recession May Be Approaching
Many experts have predicted that a recession will soon hit. When this happens, the country may be dealing with fewer wage increases and a higher unemployment rate.
This means that fewer people will be in the market for a new home, and the ones who are will be trying to snag a lower price. While there’s no way to predict exactly when the recession will hit, many believe it will be in the next couple of years.
If you’ve been thinking about moving, consider doing it now. Once the recession starts, you’ll find fewer potential buyers and may end up selling your home to one of those companies with the slogan “we buy houses”.
Should I Sell My House in 2019?
We hope this article has answered the question, “should I sell my house before the year is up?” With a buyer’s market and a recession looming in the near future and a large influx of millennial buyers currently in the market, now is the perfect time to sell your home. If you wait much longer, you may miss this opportunity and end up selling your home for less than you could fetch today.
Are you looking for ways to upgrade your home before you list it? Then check out the rest of our blog for the best renovation and interior design advice.