So, you’ve been thinking about selling your home, but you’re not fully convinced you’ll be able to sell it in a timely manner? As the top real estate producers in Northeast Georgia, Nathan Fitts & Team have a solid pulse on the industry and the current real estate trends. Right now is the perfect time to sell your home and here’s why:
A Seller’s Market
It’s true that we are in a seller’s market. Inventory is low, and people are anxious to secure their piece of paradise in the North Georgia Mountains. This is beneficial for you because you might not only be able to get your asking price, but your home may sell for above your listed price! Interest rates are still low and buyers want to capitalize before the rates begin to rise again.
Tax Reform
With the recent changes in the tax bill, you may not be able to deduct as much as you have been able to in the past. Previously, a homeowner could deduct both state and local property taxes from their federal return. Now, those deductions are capped at $10,000 and combined with income and sales tax. Not to mention the cap on new mortgage interest deductions will decrease to $750,000.
Consumer Confidence
We are currently experiencing record unemployment rates and surges in the stock market which all translate to an increase in consumer confidence. Many first-time home buyers, especially in the Millennial generation, are anxious to take a dive into the real estate market.
