Why Selling Your Home In 2018 Makes Sense

Dated: 02/13/2018

Views: 566

If the thought of selling your home has even crossed your mind, you may want to think about it a little harder. 2018 is shaping up to be another top performer. The inevitable question: why? Here are a few key metrics: 

1. Rates are still historically low.Yes rates have been more volatile since the first of the year and we’ve seeing an uptick trend but historically speaking, interest rates are still very low. A great reason for a buyer to lock in a fixed rate on a primary residence, secondary home, or investment property. “Interest rates have already trended upward in this short year. The overall industry consensus is they will continue this trend throughout the year,” says Cole Williams of Gateway Mortgage Group in Myrtle Beach, South Carolina. “Don’t fear these rising rates; we are still at historical lows.” It has been predicted by some that the rates will hit 5% by the end of the year. 

2. Millennials, millennials, millennials.Yes, the next generation of home buyers are here and they’re making the jump into home ownership. According to Realtor.com, millennials could potentially account for 43% of home buyers in 2018 (a 3% increase over 2017). Trending now: as people move into their 30's, they're looking to move from renting to owning their own home.  

3. Market conditions remain favorable.Supply is light; home prices have appreciated over the past few years; and economic conditions remain positive.What does this mean for you as a potential seller? These metrics all point to positive signs for home sales in 2018. 

Call or email me today for a free home valuation analysis on your home.And remember, Real Estate Modo will list your home for a 1% seller side commission – we can save you thousands of dollars selling your home versus the traditional 3%mode.

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Jason Smith

Born and raised in Victoria, British Columbia, Canada, Jason moved to the Grand Strand in 1999 to attend Coastal Carolina University and play collegiate soccer. After graduating with a double major i....

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