Articles

2020 is expected to bring in interested buyers for the New Year as experts suggest that a market crash should not be a current worry. Home prices will slowly continue to rise as well as homeowner’s equity which is beneficial for homeowners not interested in selling currently, or for those hoping to get the biggest bang for their buck.  In contrast, mortgage rates are declining; they are expected to rest at 3.7% for a 30 year fixed and 3.2% for a 15 year rate. Low interest rates are great incentives for motivated buyers. Experts want to stress to sellers the importance of knowing your market, as the largest majority of homebuyers are millennials. Sources suggest highlighting property perks and benefits in addition to square footage, such as location and popular features of the home: laundry room, garage, and patio. Putting forth the best online marketing is one of the best ways to reach millennial clientele. By creating a detailed marketing display, or hiring an experienced agent, millennials, who tend to perform online research first, will be more likely in discovering a seller’s property.