Thinking of selling your home? If not, maybe you should. According to U.S. News & World Report U.S. News & World Report 2018 may just be the right time for you to sell your home for four reasons:
- Buyers are chomping at the bit: most markets currently have low inventory, which means that buyers are getting a little frustrated at the lack of options.
- Interest rates are currently low: lower interest rates are good for everyone. Rates aren’t predicted to spike this year, but they mayrise to 4.6% by the end of the year and 5% in 2019.
- Cheaper property taxes elsewhere: Due to the passing of the Tax Cuts & Jobs Act at the end of 2017, people may want to move to areas where the property taxes aren’t so high.
- Pay-off for renovations won’t come back in full until next year. Zillow predicts that homeowners will focus on renovations and updates this year rather than selling. If you are considering a remodel make sure that the remodel is one for you and not one you are doing in the hopes of selling your home for more, because it’s unlikely that you will see a return for that investment.