Why You Should Sell Your Home in 2018: A Synopsis
A survey conducted by Harris poll states that 31% of the respondents think that 2018 will be one of the better years to sell your home, while only 14% thought it would be worse. Zillow, a real estate company, is expecting inventory shortages to continue to drive the housing market; they expect there to be too few homes to meet the demand which will increase prices. Here are 4 reasons why selling your home this year would be more beneficial than you think: 1) "Buyers are chomping at the bit" meaning that buyers this year are trying to beat out any competition and not miss out on any available properties, and followed by the fact that home buying usually takes place in the warmer months but it was recorded that there was a high spike of buyers even just starting the year out when it was still cold! 2) "Interest rates are low...for now". In the 2nd week of January the average interest rate for a 30-year fixed rate mortgage was almost .25% lower than what was recorded last year! But as always, interest rates are expected to increase, but for now it's something to be taken advantage of. 3) "You can move to find cheaper property taxes". "The passing of the Tax Cuts and Jobs Act at the end of 2017 means a few significant home-related tax policy changes for the 2018 calendar year...[and] while these limits don’t affect all homeowners, people who live in counties and cities with high property taxes are likely to feel the financial hit when they file taxes in 2019. If your household is going to struggle without the deductions you’ve had previously, it might be time to look elsewhere." 4) "Renovations today won't come back in full next year" meaning the renovations and updates that homeowner seem to be focusing on this year aren't going give a 100% return if you decide to sell next year.
The Original Source: Why You Should Sell Your Home in 2018