Why You Should Sell Your Home in 2018
From Realestate.usnews.com By Devon Thorsby, Staff Writer |Jan. 12, 2018
Housing markets should remain tight this year, but 2018 may be a great time to profit as a home seller. If you haven’t given much thought to selling your home this year, you might want to think again. If you’re a homeowner and have been thinking about selling, what are you waiting for? You may not consider 2018 to be your year to sell, but here are four reasons why selling in the next 12 months could be more beneficial than you think.
Buyers are chomping at the bit. Eager homebuyers have been frustrated over the last few years, experiencing low inventory in most major markets, which is pushing them to start home shopping earlier in the year to try to beat out the competition and ensure they’re not missing out on any available properties.
Interest rates are low … for now. For both the buyer of your home and your own next home purchase, low interest rates can help make a transaction possible The current low rates can serve as a catalyst for many potential homebuyers to get moving sooner rather than later.
You can move to find cheaper property taxes. The passing of the Tax Cuts and Jobs Act at the end of 2017 means a few significant home-related tax policy changes for the 2018 calendar year: Mortgage interest rates are only deductible up to $750,000 in debt and property taxes are only deductible up to $10,000. If your household is going to struggle without the deductions you’ve had previously, it might be time to look elsewhere.
Renovations today won’t come back in full next year. If you’ve got remodeling on your schedule for the year, be sure it’s an update for you because it’s unlikely that renovations will have a 100 percent return when it comes time to sell. Buyers will still expect effort from sellers in preparing a property for sale. While they may be willing to overlook a dated kitchen, it's the clutter, deferred maintenance and lack of curb appeal that can still kill a deal.
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