House prices are falling in many countries around the world.
For many worried property owners, the question is : should I sell now, or will prices go up again soon?
Housing Market Predictions For 2023: Will Home Prices Drop?
There are several strong factors showing that the housing markets will crash in 2023:
- Interest rates have been going up too much, too rapidly
- Home values are inflated due to the lack of supply during COVID : this has created a massive housing bubble about to explode
- Many companies are reducing staff : Google, Microsoft, Amazon and other tech companies have laid off more than 70,000 employees in the last year
If in your city, things look bad for the future, then you must sell before prices crash.
Waiting is the worst you can do.
When prices start going down, it becomes harder and harder to sell as prices keep going down, and you must always re-adjust your house price (lower) to sell, hence reducing further and further your take-home price.
Let’s analyze this together.
When prices start going down, sell ASAP
Don’t trust me, trust history.
This crisis is not going to be only in the United States of America, but in many countries around the world.
Still, let’s take te US as an example to show what happens when a property market crashes.
From 2007 to 2012, the US national home prices went down, a lot.
U.S. housing prices fell nearly 30% on average.
If you don’t want to lose 30%, you must sell before it’s too late.
When did house prices get back to prices of 2007? Only in 2017, so 10 years later.
How can we help you sell your home fast?
Selling WITHOUT a real estate agent – and saving thousands of dollars in commission
We have an advertising option which will help you generate interest of foreign buyers.
Our cheapest plan is at only €69 for 3 months and includes publication in more than 50 countries around the world.
Advantage : if it works well, you’ll save thousands of dollars in agent commission.
Inconvenient : it means you must take care of photos, property description, and property visits.
Selling WITH a real estate agent
In that case we can put you in touch with a very good real estate agent.
To do that, we leverage our exclusive access to professional softwares, that enable us to see who the best selling real estate agents are in your neighborhood.
If you want to sell with the help of a real estate agent, contact us below and tell us how much as you can about your property, for optimized efficiency.