There are many great reasons to sell your house, like following a new opportunity, upgrading to a better neighborhood, readjusting your assets, or responding to a change in lifestyle. But, if you have some time to plan ahead, or are looking for the highest return on your investment, then how would you decide on the best time to sell in Bucks County?
There many factors at play in the Bucks County real estate market right now, and a correct understanding of these will help you to sell at the right time to position yourself in the market for maximum returns.
With all that said, 2019 could be the year to get ahead by putting your home up for sale in Bucks County. Are you interested on getting the most for your time and effort? Then let's get started.
Bucks County Real Estate in 2019
Right now, Bucks County is a sellers market. Just like many markets in the US, prices are high and getting higher, and Bucks County is even beating the statewide averages. The question is: Why?
One reason is that buyers are motivated and clamoring to acquire properties while interest rates are low.
This demand, combined with the low inventories, explains the steady increase in prices over the past few years. For example, in Bucks County prices have risen by almost 4% over the last year and are projected to appreciate even more next year. So what does this mean for potential sellers?
Well, if you've been sitting on your property for at least two years, preferably 5, then you've probably made a pretty profit by now. So if you're looking to make a change with a bit of extra cash in your pocket, you can't go wrong by selling a Bucks County home in this market. The only question is: how long should you wait to get the most out of your investment?
The Times They Are a-Changin'
It's important to remember that selling a home takes time, so don't wait for the market to shift before you enter the fray. Some foresight is needed to get a jump on things, so start thinking ahead. If you're considering selling your home, here are some things to thing about:
- What are your reasons for selling, and how eager are you?
- Will you be able to wait for another market cycle?
- Are you in a position to sustain the immediate costs associated with selling?
- Are there many other properties like yours on the market?
- Are you well positioned to buy the house you want after you sell? What is your current level of equity?
- What time of year would you look to sell, and how would this fit into a potential marketing plan?
That's a lot to consider, but here's the most important thing: Don't wait. Making the necessary arrangements now means that you'll be able to enter the market at your leisure, or move quickly should conditions suddenly shift. And there are reasons to expect a shift in the near future...
First, being a sellers market, developers are moving to bring new homes online, driving up supply. If you're occupying anything close to their position in the market, you won't want to be selling against that kind of competition.
Next, interest rates won't stay low forever, and many buyers are moving to beat the inevitable hikes. This could mean a rush of home buying in the coming year, tapering off after that. This could be the perfect time to sell.
Getting ahead of interest rate increases could also allow you to take advantage of the existing low rates while they last.
Bottom line: The current conditions are unlikely to persist after 2019. So take advantage of the high prices and motivated buyers now. Starting this process early means you'll get a jump on the market, and will have more time to wait for that great offer to come along. Don't let procrastination force you into taking less than what your home is worth.
If you'd like more advice about selling your home in Bucks County, PA, contact local real estate expert Russell Volk or keep reading for more information.
Tips For Selling a Home in Bucks County in 2019
It should be clear from the above that if selling your Bucks County home is on the horizon, it'll probably pay to get it moving in 2019. So what are some things to keep in mind when selling your house? Here are some quick pointers:
Sell before you buy - Wait for the right offer without the risk of possibly taking on two mortgages.
List at the right price - Buyers know too much these days, so don't price yourself out of the market. Find out your position and price accordingly.
Find the right time - Reports indicate that the best time to sell is in the Spring. Summers can be busy, but there's a lot of competition. Winters are quieter, but you're also more likely to find motivated buyers with less competing options.
Marketing is key - Start now to get your house show-ready. Sweep out the clutter and put on a fresh coat of paint, get some good photos and start upping your on-line presence.
Should I Sell In 2019?
Should you sell your Bucks County home in 2019? Obviously, the answer has a lot to do with you. But if you're looking for an opportunity to read the market and get some outstanding value from your property, then 2019 is definitely a great year to put your house on the market in Bucks County.
Just make sure to find a real estate agent with the expertise and local knowledge to assist you. This decision could set you up for great things in the years to come - don't waste the opportunity!
Russell Volk is a top Realtor® with RE/MAX Elite with years of experience in the Bucks County Real Estate market. He specializes in helping buyers find the perfect home. Whether you're looking for a townhome, single family home, new construction, 55+/active adult home or a luxury property, contact Russell Volk for professional guidance and expert advice. Russell is also well equipped to handle the sale of properties, and loves helping people sell their home quickly and profitably. To contact Russell directly, call him at 267-566-0999.