3 Reasons Why You Should Sell Your Home in 2019

​Brokers and real estate agencies predicted 2019 as the best time to put your homes in the market. This is because the recession in housing will begin in 2020, and will continue until 2021. Hence, economically speaking, it’s easier to look for potential buyers early this year. 

So before 2019 ends, you might want to consider arranging the papers for selling your home. Don’t wait for too long! Here are 3 more reasons to backup your decision making:

1. Interests rates are lower
   As of February of this year, a mortgage loan company said that interest rates lowers at approximately 4.94% than the previous years. Although loans are still dependent on the current market, the type of property that buyers are looking for, and their financial status, it only shows that applying for a mortgage loan this 2019 will let them pay much lower than the usual. 
   
   Accordingly, low interest rate is the prime reason why many are eager to buy a house this year.
   
   
2. More buyers keep entering the market
   More buyers, specifically millennial first-time buyers, are predicted to enter the market on the succeeding months. A survey has been conducted and found out that there is already 36% millennials on the actual homebuyers in the market. That basically means we now have an additional 36% plus the adult homebuyers of the previous years, and that percentage is still expected to rise!
   
   If you’re a homeowner and you want to sell your house fast, then 2019 is the best option. You will have different types of buyers, which shows high chances of buying. 
   
   
3. You have high equity
   The equity of your house increases with every mortgage that you previously paid. Apart from that, the renovations and improvements that you’ve done will allow your home to increase its selling price. 
   
   Technically, the higher the equity of your home, the more you get from the sale, and that net can immediately be deposited to your next home. On the other hand, higher down payments for your next home will then lower your mortgage interest rate in the long run.

So it would be a win-win situation to sell your house this year. You will gift someone with a new house to cherish, while you can move out for a better one.

At Klamath Insurance Center, Inc, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (541) 882-5555 or Click Here to request a free quote.