Why You Need to Cash Out on Your Home Before the Recession Hits
According to MarketWatch, if you’re thinking of selling your home, you should do it before 2020. There are a few reasons for this sentiment, but one thing is clear: it’s time to cash out before the recession hits. Fortunately, you can part ways with your house in as little as seven days with the help of LEDGE Real Estate Solutions, LLC. We buy houses for cash in Winter Garden, FL, regardless of their age, condition, or location. If you’re looking to cash out before the recession hits, you need to act quickly; otherwise, you could find yourself on the outside looking in.
Experts Agree: A Recession Is Imminent
Economists surveyed by the Wall Street Journal earlier this year are painting a picture of an imminent recession. They believe that the sustained economic growth since 2009 is coming to a close. “The current economic expansion is getting long in the tooth by historical standards, and more late-cycle signs are emerging,” said Scott Anderson, chief economist at Bank of the West. Anderson is one of many private-sector economists keeping an eye on the looming recession. For homeowners, this means it’s time to consider whether or not they want to hold on to their properties and weather the economic storm or sell fast while prices are still sitting at near historic highs.
Do You Have Time to Sell on the Traditional Real Estate Market?
Robert Shiller, Nobel Prize-winning economist famous for predicting the last housing crash, notes that there’s a roughly 50 percent chance of a recession by 2020. Typically, a recession will lead to a power struggle between buyers and sellers, resulting in buyers gaining the upper hand as home values diminish. The chief economist at Redfin, Daryl Fairweather, believes that homebuyers have more power during a recession because “there are more people out there trying to sell homes than there are people trying to buy homes when the economy is weak.”
In a relatively short period of time, the value of your home could drop drastically, making it nearly impossible for you to sell for a profit. Considering the fact that homes being sold on the traditional real estate market can take six months or more to sell, you need a fast, hassle-free solution that helps you get a fair value for your home. If you have any uncertainty about owning your home or if you find yourself thinking who can sell my house fast in Winter Garden, FL, it may be time to contact LEDGE.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.