If you haven’t been paying attention to the housing market lately, you may be in for a surprise to learn that your home equity may be taking a hit for the worse soon.
A look at market conditions will indicate that the time to sell your home is now. In this post, we review the top 3 reasons to cash out and protect your equity now.
The Housing Recovery has Run its Course
It’s been a long, slow climb, but the housing market has just about returned to the pre-bubble days. It took years, so it sort of crept up on everybody without a lot of fanfare, but it is time to take notice, read the tealeaves and smell the roses! Waiting to sell a house can mean the difference between maximizing your equity profit or losing money.
New Home Sales are Outpacing Re-Sales
Real estate money is being invested in new homes. Since the real estate meltdown, the trend is for people to buy what they want now with the intention of staying in there home longer than in the past. This trend is fueling new home purchases at the expense of resale value. If you want to sell a Phoenix home, a market that has plenty of land for new home development, consider a decision to sell your home now as a safeguard against declining demand for a re-sale.
Home Prices are Beginning to Soften
We are starting to see the beginnings of a trend in price declines in the real estate re-sale market. As this trend picks up, it will only diminish the equity you have in your home. Waiting to sell a home in Portland, OR, for example, can result in a loss of equity and a loss of net value. Can you afford to take another financial hit after recovering from the last market crash?
There are many reasons that make good financial sense when deciding when to sell a home. Whether you want to relocate to a better school district or job market, are ready to downsize, or want to have a more secure retirement, following the rule of investing—maximizing your equity—and cashing out at the right time will be one of the most important decisions you ever make.
One good way to beat the market trends is to consider a fast house sale. You can sell your home fast, cut through a lot of red tape, avoid broker and agent fees and make even more money on the sales of your property.
Liquidating quickly minimizes additional expenditures and time on the market. Even an “as is” house sale makes sense because you don’t have to invest in upgrades or renovations, and you put money in your pocket faster.
If you want to maximize your equity investment and stay ahead of the current real estate market trends, now is the time to sell your home.
When do you think is the best time to sell your home?
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.