Thinking About Selling or Buying A Home In 2019? Here are some factors to consider:
By Joyce Marsh, Broker Associate
Volusia County Florida
Will the Sellers Market continue?
Or will we see a turn into a Buyers Market?
Will rising prices slow down? We are already seeing this in various parts of the country.
Increase competition from new home communities?
More homes coming on the market which will mean more competition?
Interest rates inching upwards?
When selling or buying, this is a major life event, and it involves many considerations. What 2019 will bring remains to be seen. These are points to consider.
Although home prices have been rising over the last few years, many experts say this is going to start to slow down. There will also be more competition on the market from resale homes, and new homes that will be entering the market, and interest rates are starting to inch their way up.
Although easier to obtain financing, financing will still be a challenge for some buyers, and when financing is a factor, then an appraisal is also a major factor is determining the home's value.
If you own your home free and clear, are you in a position to do "seller financing"? This may be an option that you should consider.
Many geographical areas have fully recovered, but there are many where they have never fully recovered from the economic bust or only slightly recovered.
Obtain a current appraisal or CMA from a Real Estate Professional to determine your home's current market value.
Contact Joyce Marsh if you are looking for a dedicated full time Realtor/Broker in central Florida.