by Rick Delgado
on Friday, February 28th, 2020 at 6:27pm.
If you have been thinking about when the best time to sell your home would be, then you have come to the right place! Knowing when the right time to sell is can be confusing especially if you are unfamiliar with the real estate market or projected trends. To make it easy, here is a list reasons why 2020 is your year:
1.) Interest Rates Are Low
Low interest rates are perfect for new buyers entering the market looking for a new home. Selling your home in 2020 is the perfect time because buyers are more likely to buy a home with low rates. Of course there is suspected to be some fluctuations throughout the year, but for the most part interest rates for a 30-year mortgage are in the mid 3%. This also serves as a benefit to yourself if you are interested in not only selling your home but buying as well.
2.) High Equity
If you have owned your home for a couple of years, chances are that you have built a good amount of equity from your home. When you sell your property having had built good enough equity leaves you profiting! This can help you if you are looking to buy another home and want to spend a little extra on a down payment or renovations.
3.) New Buyers
New buyers are always entering the market and are eager to find homes that work for them. If your home is at a reasonable price, chances are that there will be a lot of interest in your home. Millennials at this point are getting ready to invest in a home or are already looking for one.