Are you thinking about buying or selling a house in Milwaukee? Learn about these 5 ways the real estate market is changing in 2020.
The real estate market is always changing. In 2020 it is important to know what to expect before you buy or sell a house in Milwaukee. In our latest post, we will work with review some of the ways the market is changing and what you can do to be prepared. If you have questions regarding any of the topics below, don’t be afraid to contact our team! So… what can you expect from the real estate market in 2020?
The Rise Of iBuyers
The internet has allowed us to do a lot of things from the inside of our houses and living rooms. You can buy and sell a car, even buy and sell a house without ever getting up from your couch. While this may seem great for a lot of things, some things are better when done face to face. A lot of people are considering iBuyers to be a good option, but don’t really think about all of the consequences. When you sell to someone who can’t come and actually see your house, it may cost you thousands. iBuyers are becoming more and more popular, however homeowners are slowly realizing that selling to a local and experienced direct buyer will help to get a great price in much less time. Also, when you work with Sparks Property Investors LLC, you won’t be surprised by any unexpected fees or commissions.
Agents With Multiple Solutions
Real estate agents aren’t just busy listing houses or showing buyers available properties. More and more agents, as well as investors, are offering multiple solutions to Milwaukee homeowners who are looking to sell a house fast. The world of real estate isn’t just black and white and people are starting to realize it. Often times, home sellers in Milwaukee want number of options in order to have a successful sale of the property they no longer want. There isn’t just one way to sell a house in Milwaukee, and companies like Sparks Property Investors LLC will help you find the right solution for you, your situation and your property.
Interest Rates Are Dropping
In an effort to stimulate economic growth, the Federal Reserve will lower the interest rates. With this most recent cut, homebuyers are finding loans with interest rates at 50-year lows. If you live in a house that isn’t right for you, the time may be right to sell your house fast in Milwaukee. You can then put your selling proceeds down on a new house, financing at rates that are unheard of. If you have been thinking about selling your house in Milwaukee to find a house that is better suited for you, now may be the perfect time to buy and take advantage of these surprisingly low rates!
Home Prices Are Slowly Going Up
While real estate always tends to appreciate, the rate at which properties are currently appreciating is relatively slow. We work with many homeowners in Milwaukee who have held onto the wrong property, for far too long. Maybe they purchased right as the bubble burst and they think one day the price will bounce back to what they paid. Unfortunately, for many people who purchased a house in Milwaukee during that time, they won’t be able to capture what they once paid. In 2018 home prices rose by an average of around 5%. In 2019, that number dropped to 3.3%. There aren’t any signs that home prices will drastically rise in the near future. If you are ready to sell for something new, now is the time to make it happen.
Baby Boomers Are Selling
Baby boomers all over the country are beginning to sell off their unwanted properties. While some are moving into assisted living, others are simply enjoying the benefits of living in a smaller home. Once the kids have gone, a large house becomes more of a burden than a blessing. With less to clean, maintain, and pay for, baby boomers all over the Milwaukee area are exploring the benefits of a fast sale. Seniors all over the US are selling their too-large homes and using the proceeds to travel, knock items off their bucket list, and purchase better-suited properties. If you are a senior homeowner who is ready to sell your house in Milwaukee for a property that makes more sense, we know exactly how to help. We help people who want to downsize, even if they have lived in the house for many years. Our process makes it easy to sell and manage years of unwanted belongings.
Do you have questions about the changing real estate market and how it will affect you when buying or selling a house in Milwaukee? Don’t be afraid to reach out! Our experienced team is happy to help you get answers to all of your real estate questions!