Ready to Sell, But Have Some Questions?
At Turfmates, our primary goal is to simplify the home buying process, individualize the experience for you, and save you money. All of those things can be accomplished through our app and after closing our Turfmate buyers receive a refund of the buyer’s agent’s commission in exchange for a small percent of equity. (Read more about that here.) It’s a win/win situation!
However, that’s not our only goal. At Turfmates, we are here to provide buyer and seller education, a look into special places and neighborhood in and around Nashville, provide DIY home tips and tricks, and a wealth of other information for those dabbling around the real estate market on our blog.
Maybe you aren’t in the market to buy a house right this second or even in the next couple of months. Maybe you are considering if now could be the time to put your house on the market. We’ve done some research and found some answers to some questions, you may have.
1. How can I be sure I’ll get my money’s worth?
In the most recent edition of The Housing and Mortgage Market Review (published in October of 2018), you’ll find data that shows housing prices will continue to rise, at least for the next few years. You’re looking at a 2-6% increase around the United States. This good news for sellers, meaning that the trends say if you sell in the next few years, you more likely keep gaining equity and make more of a profit. Remember, there is more to housing prices and fluctuation than market trends. You want to have a quarterly monitor on how much your home is worth minus what you owe on it and you want that number to continue to rise.
2. The real estate market has been crazy hot, are we in for a scary cool down?
With home buying, car buying, family planning, and life in general, it is impossible to know for sure what twists and turns the market can take. Some worry that with so much up, there has to be a down, and the fear is a fast collapse like some we have seen in the past. Most of the data shows and many experts have weighed in that the prices will settle over the next 2 or so years, but with a steady descent. This United States Housing Report is the most widely read and thorough update/prediction for 2018 to 2020, and even more economic data through 2026. Information from this data suggests the risk of a crash in the market is low for most cities.
3. Are buyers still interested? I’ve listed my home before and still didn’t sell it.
You may think that your neighborhood isn’t the best of the best or your location is prime but think again. With the market on fire and having been on fire for quite some time, buyers are looking for a place to call home. Whether it is because they’re tired of looking, need to move for a job or family change, many buyers are willing to consider areas they weren’t open to in the beginning of their search. Don’t let proximity to downtown or not ideal access to the interstate keep you from promoting the home you want to sell. We offer DIY tips and trick on our blog, and often there are simple, fairly inexpensive ways to spruce up your home, and allow buyer to picture themselves in your house regardless if it doesn’t have the sidewalks around the neighborhood, they one-time envisioned.