Should I sell my house because of COVID-19?
One of the biggest questions in the real estate market right now is “should I sell my house?” Well let’s walk through a few scenarios when it might make sense to sell your house and when it might makes sense for you to stay where you are.
USING WHAT I KNOW FROM WHAT’S HAPPENED IN THE PAST, THESE ARE THE SCENARIOS IN WHICH I WOULD SELL NOW:
You were already planning on selling within the next year or so – list it now!
You are in the position that you need the cash flow that would come from selling your home – maybe you lost your job or you have a rental property that is no longer making any income.
If you didn’t already plan to sell and had intention on staying in your home for 5 or more years, I wouldn’t suggest selling now. Sit tight and enjoy your house! I don’t think we will see a big swing in values and for market timing reasons it doesn’t make sense to sell now. Eventually things will come back around.
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