We Buy Houses In Arnold, Missouri, and provide residents with the ideal way to sell their real estate fast by offering cash for houses in Arnold. Few people are predicting that 2019 will be a record-breaking year for home sale prices. But relatively speaking, 2019 might be the best time to put your property on the market. Especially if you’re on the fence about selling this year or next, it may be better to sell in an environment that’s more predictable rather than wait for time to pass and circumstances to change.
This means Missouri home buyers are less likely to face affordability issues, and there will be a better balance between supply and demand for housing than in previous years when supply was limited.
Why You Should Sell Your Arnold, MO House In 2019
1. You’ve Got Equity On Your Side In Arnold, Missouri
When the housing bubble burst, home values plummeted, sending many mortgages underwater. Thankfully, the tide has turned: According to CoreLogic, only 8% of homes with a mortgage had negative equity at the beginning of 2019.
It’s worth the sale “if your home has recovered enough value to provide at least 20% equity for your next purchase.” Why is 20% the magic number? Because putting 20% or more down on a home keeps private mortgage insurance (PMI) at bay. That could save you hundreds of dollars each year!
2. Your Missouri Home No Longer Fits Your Lifestyle
Another factor to consider is how well your home meets your everyday needs. “Empty-nesters can really benefit from selling now while rates are low,” Linda says. “It’s very freeing to sell large property, pay cash for a smaller one, and invest the rest in your retirement.”
Whether you’re sizing up or down, make sure your mortgage fits your budget. We recommend keeping your monthly payment to 25% or less of your take-home pay on a 15-year fixed-rate mortgage.
3. Rates Are still Historically Low, Drawing Buyers Into The Market In Arnold, MO
We may not be enjoying the rock-bottom interest rates of yore, but by historical standards, today’s 30-year mortgage rates—hovering just above 4%—are still low. And experts agree mortgage credit will remain relatively cheap for most of the year.
That means the getting’s still good for buyers—and, subsequently, for sellers looking to unload their homes.
But rates are on the rise, and it’s been widely predicted that they’ll reach 5% before year’s end. Buyers know that the longer they wait to buy, the more expensive it will be.
Roughly translated, that means you’d be wise to sell your home earlier in the year before more rate hikes kick in. Not only will you capture the market of buyers scurrying to close a deal, but if you’re buying after you sell, you’ll also benefit from those lower rates.
4. Remodeling Won’t Significantly Raise The Value Of Your Arnold Home
You can guarantee that adding another bathroom will be favorable to your resale, but by how much is TBD. So, while it may be worthwhile to do some updates before listing your home for sale (for example, sinking $20K into the kitchen can up your home’s value by as much as $100K), consider first to gauge if making those upgrades would be worth it or not.
If not — and you’re still comfortable with the market value and selling price — go forth and sell your home.
5. Market Correction May Be Looming In Arnold, Missouri
A lot of people who have been veterans in the real estate market are speculating that there is a market correction looming in the US and Canada.
In fact, in Canada, home prices are already starting to flatten out and that could be a signal that the US is headed the same way. On the large scale, corrections are a regular event every few years, but you don’t want to be selling your home when it happens and, of course, sell at the top of the market.
Sell My House In Arnold, MO
Did you know that today you don’t need a real estate agent to sell your house in St. Louis?
In fact, there are a lot of drawbacks to this, including high commission fees, time spent on showing your property, and sometimes many months of your home being on the market.
Realtors are still an option, but it is very often a much better route to sell your real estate directly to investors and homebuyers in Missouri. We specialize in purchasing houses for cash and in as-is condition (even if it has liens or needs significant repairs) and can close in as little as a week.
To Contact Us For A No-obligation Cash Offer Today – Call Us At (314) 334-1481 Or Text Us! Or Send Us The Information About Your Home By Entering It At Chris Buys Homes in St. Louis