5 Ways The Wilmington Real Estate Market Is Changing In 2020

5 Ways The Wilmington Real Estate Market Is Changing In 2020

Are you thinking about buying or selling a house in Wilmington? Learn about these 5 ways the real estate market is changing in 2020.

The real estate market is always changing. In 2020 it is important to know what to expect before you buy or sell a house in Wilmington. In our latest post, we will work with review some of the ways the market is changing and what you can do to be prepared. If you have questions regarding any of the topics below, don’t be afraid to contact our team! So… what can you expect from the real estate market in 2020?

The Rise Of iBuyers

The internet has opened the door for us to do so many things remotely. You can buy a car, sell a car, buy a house, and sell a house all without leaving your couch. While this convenience is great in all sorts for ways, there are some things that are better done face to face. Many people consider selling their homes to an iBuyer, without realizing the consequences. Selling to someone who isn’t local and who can’t come see your house for themselves can cost you thousands. While iBuyers are gaining in popularity, homeowners are realizing that selling to a direct buyer who is local and experienced will help to get a great price in less time. And when you work with Homebuyers of NC, there aren’t any commissions or fees to worry about.

Agents With Multiple Solutions

Agents are bringing more to the table than just listing houses or taking buyers to see available properties. More and more agents and investors are working to offer multiple solutions to Wilmington homeowners who need to sell a house fast. People are realizing that the real estate world isn’t so black and white. Home sellers in Wilmington require multiple options in order to successfully sell a property they no longer want. There is more than one way to sell a house in Wilmington and companies like Homebuyers of NC are here to help you find the right solution for you, your property, and your situation.

Interest Rates Are Dropping

In an effort to stimulate economic growth, the Federal Reserve will lower the interest rates. With this most recent cut, homebuyers are finding loans with interest rates at 50-year lows. If you live in a house that isn’t right for you, the time may be right to sell your house fast in Wilmington. You can then put your selling proceeds down on a new house, financing at rates that are unheard of. If you have been thinking about selling your house in Wilmington to find a house that is better suited for you, now may be the perfect time to buy and take advantage of these surprisingly low rates!

Home Prices Are Slowly Going Up

While real estate always tends to appreciate, the rate at which properties are currently appreciating is relatively slow. We work with many homeowners in Wilmington who have held onto the wrong property, for far too long. Maybe they purchased right as the bubble burst and they think one day the price will bounce back to what they paid. Unfortunately, for many people who purchased a house in Wilmington during that time, they won’t be able to capture what they once paid. In 2018 home prices rose by an average of around 5%. In 2019, that number dropped to 3.3%. There aren’t any signs that home prices will drastically rise in the near future. If you are ready to sell for something new, now is the time to make it happen.

Baby Boomers Are Selling

Baby boomers all over the country are beginning to sell off their unwanted properties. While some are moving into assisted living, others are simply enjoying the benefits of living in a smaller home. Once the kids have gone, a large house becomes more of a burden than a blessing. With less to clean, maintain, and pay for, baby boomers all over the Wilmington area are exploring the benefits of a fast sale. Seniors all over the US are selling their too-large homes and using the proceeds to travel, knock items off their bucket list, and purchase better-suited properties.  If you are a senior homeowner who is ready to sell your house in Wilmington for a property that makes more sense, we know exactly how to help. We help people who want to downsize, even if they have lived in the house for many years. Our process makes it easy to sell and manage years of unwanted belongings.

Do you have questions about the changing real estate market and how it will affect you when buying or selling a house in Wilmington? Don’t be afraid to reach out! Our experienced team is happy to help you get answers to all of your real estate questions!

To learn more about the current state of the real estate market in 2020, reach out to our team today! (910) 218-8138

Jerry

Jerry has been involved in real estate for over 10 years. He graduated High School and enlisted in the Army, where he excelled in the Elite Army Rangers. Unfortunately, he sustained a major injury during a training exercise and was honorably / medically discharged after 4 years of service. He decided to attend Appalachian State University for both his undergrad and grad school with emphasis on Systems Engineering and Virtual technologies. He went on to work for multiple fortune 100 companies as an Engineer. Jerry stumbled into real estate investing with his father after deciding to fix up an old house down the street from his childhood home. After that house Jerry never looked back. Since then Jerry has helped hundreds of homeowners in selling, buying, and renting properties. Jerry has a GREAT team that works day in and day out to help homeowners sell their properties to local investors like himself. Contact Jerry info@homebuyers-nc.com

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get Your No-Obligation Offer!

We Buy Houses and Land! There are No Commissions, No Fees, No Closing Costs, No Repairs/Updating, and No Obligation. We pay for everything! Fill out this quick form to see if your property qualifies...
  • This field is for validation purposes and should be left unchanged.