Thinking of Buying or Selling in 2020

Are you thinking of making an address change this year?

As we put away our Christmas decorations and begin to settle into a routine again, you may be looking around and thinking to yourself, " I want to be somewhere different next year"

If that sounds like you, now is the time to put those thoughts into action. If you are a homeowner, this process of selling and buying may take longer than you think. What do you need to get your home into "listing readiness"? Or, have you put much research into where you will be moving? if you are renting, the time spent will be less, but there are still many steps to get you started.

As a seller you will be happy to learn that home prices are up inventory is down and 30 is the average days on market. Closed sales are up nearly 20% and the median home price has increased to $248,000 which is 8.5% higer since December 2018.

Buyers should be making plans too. There is no forecast for a dramatic downturn in the market. So every month you wait, the homes your eyeing are going up in price.

To up it into context; the house you were looking at a year ago was $227,000 and today would sell for $248,000.

If you are currently renting, you could be spending more than you need to if you were to own your home. There are many benefits to homeownership. Besides having a secure mortgage payment each month and having more control over your housing related costs, you are building equity and in turn, net worth.

Let this be the year that to make the change you've been thinking of. Selling or Buying, your day is today!