Many Real Estate experts are saying that 2020 may be your best bet to "cash out" of your home if you are considering selling. The market has picked up with buyers because interest rates have remained low (many lenders offering 3.75% for a 30 year fixed loan), inventory has increased and for the most part, bidding wars have ended. This is all encouraging news for buyers. When it comes to the selling side, sellers may be expected to do a bit more to get their homes ready to sell, and may also be asked for repairs to be made through the inspection process. Buyers just have more homes to choose from, and are taking time to preview multiple properties prior to submitting offers. Inventory is still moving, and experts are saying that 2020 could be the best year for seller profits. The market is expected to be increasingly healthy in 2020, prices should continue to increase through the year, but at a much slower pace than we have seen over the past few years. This is all good news for sellers and buyers. The housing market was long overdo for a "correction". We needed to find more of a balance between buyers and sellers, and we are finally seeing that.
Bottom Line: Buyers should take advantage of these incredibly low interest rates and sellers should take advantage of getting the most out of their homes.
Call me directly if you need any guidance on how to prepare your home for listing, or maybe you need to know what your home is worth (I have not seen an accurate "zestimate" yet), or you may be a buyer with questions on where to start the process. I'll be available.