Why should you sell your house now before Trump’s win sends the market tumbling?

The 2024 election is just around the corner, and real estate remains in a precarious position. It’s no wonder that plenty of potential homeowners are sitting on the fence about whether to purchase a house right away or patiently wait until after the new president takes over the office. After all, shifts in politics often coincide with economic upheavals, particularly in the real estate industry.

But the biggest question puzzling everyone is what happens if Trump wins the election? Analysts predict a significant downturn, with home values poised to take a hit once the political dust settles.

Marty Harlee, president and CEO at First Trust Financial, stated that if former President Donald Trump wins the upcoming election, there would likely be another massive refinance boom along with a record number of home sales.

Resource: nasdaq.com – ‘I’m an Economist: Here’s My Prediction …’

Trump’s previous government prioritized deregulation and tax cuts, both of which have been shown to enhance economic growth. That could result in bringing about more investment in real estate, thus increasing the overall amount of new properties.

Dennis Shirshikov, a professor of finance, economics and accounting at the City University of New York stated: “Under a Trump presidency, economic policies would likely continue to emphasize deregulation and tax cuts, which could stimulate economic growth and potentially increase disposable income for many Americans”.

Resource: nasdaq.com – ‘I’m an Economist: Here’s My Prediction …’

Seize the moment! Before the market shifts, find out how much your house is worth.

So what is the potential scenario for the real estate market?

There is a possibility of interest rates falling. A Trump win might prompt a significant reduction in interest rates as he pushes for strategy in order to stimulate the economy and that could result in increasing home sales and a favorable market for homebuyers.

Home prices are likely to rise. If interest rates go down, the increased demand could lead to higher home prices, limiting affordable options for buyers.
Increased emphasis on homeownership: The presidency of Donald Trump might keep pushing for higher homeownership rates, concentrating on policies that help buyers and diminish market obstacles.

Inflation and housing affordability issues. If the Federal Reserve rates to control inflation, mortgage costs will climb, making homes less affordable and slowing sales. Before inflation drives mortgage rates up,now is the ideal time to sell your house within days.

Tax cuts. Trump’s tax cuts could boost disposable income, increasing demand for homes and driving up prices.

So now is the time to sell your house and not miss the boat. Selling now allows you to capitalize on current high prices before rising rates reduce buyer demand and shrink your potential profits. Don’t wait for the market to drop—sell your house while prices are still high!

Don't wait for the market to drop—sell your house while prices are still high!

The clock’s ticking. Why sell your house now?

If you are considering selling your home, that’s never been a better time. Housing prices are currently at their peak, driven by the Democrats’ desire to showcase a strong economy. Once the election dust settles, don’t be surprised to see prices plummet as the real estate market adjusts. Waiting for too long could mean watching the value of your home drop significantly while demand shrinks. Sell now while the market’s red hot and avoid the potential storm that looms post-election.

Final thoughts:

If you’ve been considering cashing in on your property, this might be your last chance to get the highest return before a significant market correction takes hold.