Are we in the next real estate bubble?
The short answer is "Yes!"
This is an often-asked question by people considering selling FSBO (a house For Sale By Owner). If you look at historical real estate prices, you will see them going up gradually over time. If you look more closely at the historical graph, you will see big moves up and then dramatic moves down. The tip of the line before it starts moving down dramatically, there's the burst of the bubble.
Are we in for another bubble popping? If so, what will it look like this time around?
There is a brewing econimic storm. We are in the midst of dangerous economic times. And it's time to make the right moves with your house for sale by owner.
The US national debt is almost $20 Trillion, that's what's happening! And it's going up at a rapid clip. Not to mention the costs of Social Security, Medicare and government pensions which are between $100 and $200 trillion. Bottom line, we have a lot of debt to pay. But can the US ever pay it?
Repeat of the 2006 housing collapse?
So many of us lost a significant portion of our net worth during that time. Even with the housing recovery, most of us are not back to where we want to be. I caution all of us with a home for sale by owner to not wait to accept an offer before it's too late.
Is this the Right Time to List My Home For Sale By Owner?
Yes, my opinion is the next bubble can be as bad or worse than the last one was. I know you are saying "No way!" So, answer this question? What has been fixed since the last crisis? Stricter lending standards, yes. One of the only things keeping the housing market going is the ARTIFICIALLY low interest rates. And the US is going to have to pay for that, at some point.
What do I do with my House For Sale By Owner?
You have 4 options:
- Continue to weigh the timing of when to sell your home without actively marketing your home for sale by owner
- List your house with the other homes FSBO on websites like owners.com
- Instead of FSBO, list your house with a real estate agent
- Sell your home to an investor like me
Choose the option that will allow you to time the real estate market and not get hung up in it. Don't become a victim of the next housing crisis. You can protect yourself by taking control of the FSBO process and making the best choice for you. With all the houses for sale by owner, don't allow your house to be one that just stays on the market, be proactive and get the job done.
Want to keep following Jennifer's research into the current real estate market? It's especially important to stay informed when you sell your home.