Everybody thinks that spring is the best time of the year to sell a house. But according to many real estate agents, the winter season is also a good choice, even if you live up north. Almost a million homes were sold in the U.S. last winter, meaning one in five properties were bought during this time of the year.
Maybe it’s something about the snow-covered roofs and the holiday season that helps homeowners to sell faster and easier. Regardless, here are five good reasons why you should sell your home in what’s left of 2020, and how to get cash for your home in Milwaukee quickly.
Interested Rates Are Expected to Stay Low
The Federal Reserve has lowered interest rates to an all-time low to keep the economy going. Even before the COVID-19 pandemic, economists and real estate professionals predicted mortgage interest rates would remain below 4% in 2020.
This means buyers that might have waited will consider entering the market this year. Plus, financial institutions are lending money at historically low rates. This is good news for both buyers and sellers who are looking to sell their house quickly in Milwaukee.
The Economy Is Showing Signs of Recovery
COVID-19 affected the world’s economy, and the United States was not an exception. During March, the pandemic led to high unemployment rates because production and consumer spending was reduced. But since June, businesses are adding back jobs as consumers get back to spending, which will positively influence the real estate market.
Home Buyers Are Demanding More Houses
Home buying companies are the real estate market’s latest trend. They buy houses in Milwaukee, no matter the condition, and provide you with cash in just seven days. When COVID-19 first appeared many states enforced quarantine and banned open houses. This negatively impacted the market, but now that restrictions are loosening up, homebuyers are looking for new customers.
Cash For Homes in Milwaukee
The main advantage of selling to a homebuyer is fast cash. If you need to sell your house quickly due to financial hardship, this is the best option to get back on your feet. They focus on the value of the property itself, not how nice it looks. You don’t have to worry about major repairs, deep cleaning, painting jobs, or interior decorations.
Less Competition Due to COVID-19
Whenever you can enter the real estate market without as much competition, you’ll be in a better position. According to realtor.com’s market outlook, the housing inventory in June was 27% lower than last year.
Therefore, there isn’t sufficient housing supply and with the COVID-19 scaring many homeowners away from listing their home, you’ll have a greater chance of selling faster and fewer homes to compete with. Take advantage of the house’s lower inventory, this is the perfect opportunity.
Online Marketing Makes It Easy
Selling online offers the opportunity to directly market your house to a potential client’s niche and you can attract different people like investors, home developers, and regular buyers looking for houses to buy. It provides flexibility and you can always review and change your offer, property description, and add any important detail you might have missed.
With the help of technology, sellers have been able to sell their property from the comfort of their homes without any stress. If you’re thinking “I want to sell my house fast in Milwaukee”, many homebuyers operate online and give cash-offers within 24 hours. Therefore, if you want to attract such buyers, market your home online.
Virtual Tours Are Game Changers
During this year, many people have bought their houses without having seen them in person. When the pandemic was at its worst and open houses were closed, virtual tours were the ideal solution. These days, most people work from home and are getting used to this virtual life. If you want to sell fast, a virtual tour is your answer and they are even better than an open house.
Upgrade Your Life in the Last Quarter of the Year
If you are interested in selling your house in Milwaukee, without investing in costly repairs or losing a percentage of your home’s price, contact Captain Save a Home. We buy houses no matter their condition and will make you a fair all-cash offer you can’t refuse.