2019 was a great year for the real estate market as the prices for the median homes went up to a whopping $316,000. The home prices of 2019 increased slowly (3.3%), which is much less than that of 2018 (5%).
However, 2020 will be no different as the real estate experts have predicted the home prices will grow 2.8%, compared to 2019 and 2018 is pretty less. That is why online marketplaces like UpNest comes to the rescue as they provide superb services in terms of real estate.
They will connect you with the best agents, which will make your buying/selling of homes to go smoothly. The UpNest Reviews that provided by the existing customers will shed some light on how UpNest can help and how will you benefit through their services.
What to know about the real estate market
Whether you are thinking of buying, renting or selling there are several things you need to know about the real estate market. In 2020, the mortgage will be low on an average of 3.8% and this means that the market will not encounter any type of resistance.
There will be a great influx of homebuyers and the demands of homes will be much higher, so there might be a change of an increase in the home prices by the middle of 2020.
However, if you are planning to purchase a home in an expensive market you need to find out how much can you afford. Try to calculate the numbers with the help of a mortgage calculator and try to figure out a monthly payment, which will match your budget.
When you think of buying a home this year, try to stay within the budget amount and don’t rush into a purchase that will make no sense to you.
How online marketplaces can help?
Online marketplaces will make the buying and selling or property to be much easier to perform. This is because you will conduct everything related to real estate from the online platform. Therefore, online marketplaces like UpNest will provide you with local yet professional agents who will compete for your business in the market itself. UpNest will provide you with proposals within 24-hours once you state all your requirements and preferences.
UpNest is a type of marketplace that can drive in competition, which in return helps in keeping the commission rates down. Even though UpNest will not negotiate on your behalf, but the website will give you the freedom to choose your favorite real estate agent by interviewing them. The website will help in protecting your personal information, and will not charge you when you sign in to their website.
The website will serve as the best alternative and will help you avoid the unnecessary hassle of finding real estate agents all by yourself. UpNest will give you the chance to review and compare each of the proposals online, which enables you to choose the right agent. However, you will receive guidance from the UpNest Advisor if you face any glitches.
The real estate market of 2020 is something to watch out and with the help of online marketplaces like UpNest, the process of buying/selling becomes much easier.