Thinking about selling your home but not sure if it’s the right time with interest rates and other issues working against you? 2025 will be the year to sell your home, not because the market will be ideal, but because the market will be healthier and you want to take advantage of some of the benefits you’ve had from waiting this long like increased value.
Holding your property for years has only increased the profit you will see from a potential sale. However, because everyone’s needs and motivation are different for selling their home, it’s important to consider other benefits that may not have come to mind. These benefits or reasons could be the tipping point in your decision whether or not to sell your home.
Why 2025 Is The Year To Sell Your Home
Selling your home is going to take time and patience. However, if you are ready to make the move then listing your house is a smart way to go. There are still thousands of qualified buyers in your area and you want to take advantage of the market now starting with:
- Market value: Yes, the market has cooled off a little because of interest rates going up. However, properties have maintained their value and are now in some cases worth more than they have ever been. If you have owned your property for more than 10 years you are potentially looking at a major profit margin.
- Interest rates: While interest rates are high, they are also predicted to go down in 2025. That reduction may be enough to open up new buyers in your area, giving you even more prospects to consider.
- Investor push: Real estate investors are tired of waiting on the sidelines. They cannot make a profit without inventory and they need to start buying again in 2025. They saw their purchases slow down dramatically the last two years and they need to get going again.
- Neighborhood potential: There may be new businesses moving into your neighborhood or developments that are going to raise the value of the entire area. That demand means profit for you.
- Income is strong: The reason inflation has stayed strong along with interest rates is because people keep buying things. How are they doing this? Because the job market is strong and income remains strong as well.
- Buyers are eager: Buyers are tired of competing with investors and jumping from house to house. Many are coming back in 2025 with better credit scores and higher income.
- Cover your monthly rent: Selling your home leads to the question about where you are going to live. If you are still working your monthly income could be enough to cover the monthly rent on a new place, allowing you to preserve your profits longer.
- AirBnb: Buyers want your property and sometimes it’s not for themselves. AirBnb has led thousands of people to enter the real estate game as investors because they can start making money on the property much faster.
- Debt free: Imagine selling your home and within a week you no longer have any debt. Your mortgage, car loans, student loans, credit cards and everything else are completely paid off. What would you be able to do with that kind of freedom?
- Upkeep: It is becoming more expensive and time consuming to manage houses, especially if they are older. Renovations are expensive as well.
- New features: Perhaps the area you are thinking about moving to has better features like a shorter commute, a tennis court or something else?
- Better area: Maybe it’s not the features but the area itself that you like more. Upgrading the area does not mean you have to get more expensive. If you are going from a house to an apartment or townhouse you can see major reductions in monthly costs.
- Jump back in later: You still have the option of jumping back in the real estate market in the upcoming years.
- Retirement: If you are considering retirement, selling your home is not only a great way to fund your retirement but to also cut down on major expenses you may be responsible for.
- Relocate: If you are thinking of moving to another area or state it may be the best time to do it, especially if you feel home prices in that area will shoot up.
- Travel: No house, lots of money in your bank account and some free time? Why not travel?
- Not paying for renovations: If your property is over 10 years old you could be on the hook for major renovations including the roof, air conditioning, windows and more.
- Healthy inventory: The real estate market is seeing steady inventory return which is bringing a lot of quality buyers back.
- More buyers: These buyers have the right qualifications and are serious about grabbing property. These are the people you want to sell to.
- Taxes and insurance: Take a look at your taxes and insurance and compare them to what you were paying five years ago. Do you want to keep paying that, even without a mortgage?
- Less stress selling: Selling now means that you have time to wait for the right offer. Waiting until you need to sell may put pressure on the transaction and force you to take less because you need to sell faster.
- Patience pays: Your house may sit on the market for months. That’s fine because that’s the way the market is moving right now. People want to take their time and research properties and see if they sit for a month or two. Be patient and you will get a better offer.
- Fund your retirement: Again, if you are over 55 and you are not happy with your current retirement fund why not consider selling your house to jump start your bank account?
- Swimming pool: You can buy a swimming pool and have it installed at your house, or you can sell your house and get an apartment that has a swimming pool.
- Current mortgage: What do you owe on your current mortgage? Would it make sense to get rid of that bill every month and save on the interest you still owe?
A lot of these benefits may not apply to your situation while many can. Talk them over with a realtor to determine if you should sell your property in 2025. This is the perfect time to discuss needed upgrades, expectations and more.
