As a result of stay-at-home orders and rising economic uncertainty, this spring has seen a rapid drop in homebuyer activity. As April comes to a close, many homeowners who have delayed putting their house on the market in what is traditionally prime homebuying season are wondering what their next step should be.
Home sellers have a few choices: They can put their house on the market amid the pandemic, wait until stay-at-home orders are lifted or put off their plans indefinitely. The decision you make as a homeowner must be based on the unique details of your current situation.
Here are three reasons you should sell your home in 2020, along with three reasons you may benefit from waiting:
Sell in 2020: Interest rates are expected to remain low.
Sell in 2020: You have a starter home.
Sell in 2020: You can’t afford your home anymore.
Wait to sell: You just refinanced.
Wait to sell: You’re worried about job stability.
Wait to sell: You’re not willing to compromise on price.
Originally published here.