Column - June 2020
3 Reasons to Sell Your Home in 2020!
Even with COVID-19 thrown into the Real Estate equation, supply and demand have begun creeping back up in places that deemed real estate an essential service, such as Texas. People remain motivated to move for many different reasons: both happy and sad.
Employees are still being transferred, families are still having children, and those who find themselves unemployed are looking for less expensive areas and fresher opportunities.
So, while there are many reasons to put your home on the market, here are my top reasons to sell your home in 2020:
Interest Rates are Expected to Remain Low. On April 23, Freddie Mac reported that the average mortgage rate was 3.33%. Even if the economy rapidly recovers this summer, the expectation is that interest rates will remain low. That's great news if you’re looking to finance a home purchase or you need buyers to secure an affordable mortgage so you can sell your home.
You Have a Starter Home. We live in an area where home prices climb quickly, and multiple offers are the norm for entry-level home prices. This home type is likely to still see buyer activity through the end of the year.
You NEED to Move. Your children are going to be starting school and you want a better school district. You have welcomed a new baby, and your home is now too small for your family. Needing to move isn’t always a positive. You may have lost your job and you are worried about being able to continue to pay your mortgage. Selling for you is also a valid option.
For all reasons, it is best to hire an agent with a strong marketing plan and advice on how to prepare your home to get maximum value.
Let's connect so you have a trusted real estate professional to help you safely and effectively navigate through all that's new when it comes to making your next move.
RE Questions? Email: email@example.com call/text to (210) 608-0650.
Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2019 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC.