Election 2024: Why Baldwin County Homeowners Should Sell Now!

Thinking About Selling Your Baldwin County Home? Here’s Why the 2024 Presidential Election Means You Should Act Now

If you’re a Baldwin County homeowner debating whether to sell your property in the next few months, the clock is ticking—and the 2024 Presidential Election could make or break your opportunity to maximize your home’s value. With Donald Trump and Kamala Harris proposing vastly different strategies for the housing market, the uncertainty of their potential policies is creating a golden window for sellers. Here’s what you need to know and why you should consider listing your property now.

Key Reasons to Sell Now

• Election Year Trends Favor Sellers: Historically, home prices often rise during election years, and Baldwin County is no exception. With interest rates expected to dip temporarily, buyer activity is likely to spike as more buyers jump in while financing is still affordable.
• Inventory is Tight, Demand is High: Baldwin County’s housing supply is still limited right now, making it a seller’s market in many neighborhoods. Buyers are relocating here from across the country, and they’re prepared to pay asking price, and sometimes more for the best homes.
• In September 27% of the homes listed under $250,000 closed at over over the asking price in the Baldwin County MLS
• Uncertain Post-Election Market: No matter who wins, interest rates are likely to rise after the election, potentially cooling buyer demand. Waiting could mean missing the sweet spot to capitalize on strong pricing.

Baldwin County Market Snapshot

Redfin reports Baldwin County’s median home price is hovering around $375,000—a solid 10% year-over-year increase. The Baldwin Association of Realtors notes that demand has surged thanks to the area’s high quality of life, beautiful beaches, and attractive climate. With fewer homes available, buyers are often willing to pay a premium to secure property in this prime area. This scarcity works in your favor right now, but that could change as election results trigger policy shifts.

Why the Election is Your Call to Action

The election isn’t just about national housing policy—it’s about your wallet. Here’s how the candidates’ housing plans could directly affect you as a Baldwin County homeowner looking to sell:

1. Kamala Harris’s Housing Plan:
   • Down Payment Assistance: Harris aims to provide $25,000 in down payment assistance to first-time buyers. While this could stimulate demand, it also risks inflating prices for homes like yours in the short term.
   • Building Millions of New Homes: Harris plans to tackle the national housing shortage by building 3 million homes. If this gets traction, Baldwin County could see new inventory flood the market, potentially weakening current price points. Strike while the inventory is tight, and the competition is low.
2. Donald Trump’s Housing Policies:
   • Deregulation and Opening Federal Land: Trump’s focus on deregulation and unlocking federal land for development could accelerate new housing projects. While this might sound like a future opportunity, it could also lead to oversupply, pulling prices down as new builds come to market. As a seller, it’s in your best interest to act now before these changes take effect.
   
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What Selling Now Means for You

If you’re ready to sell, here’s why the next three months could be the best window you’ve had in years:

• Interest Rates Favor Buyers—For Now: Election years often bring rate cuts to spur consumer confidence. Buyers want to lock in these favorable rates before they potentially rise after November, meaning you’ll have a more motivated buyer pool. Don’t wait until rates climb and buyers start second-guessing their ability to finance.
• High Demand Drives Up Offers: Baldwin County is experiencing a surge in demand as people relocate here. Buyers are eager, and bidding wars aren’t uncommon. Listing your home now could yield a higher offer with less time on the market, which may not be the case post-election.
• Economic Uncertainty is On the Horizon: Post-election, all bets are off. Whether it’s inflation, rising interest rates, or new housing policies, these factors could quickly shift the market in ways that don’t favor sellers. Selling now allows you to avoid the guessing game of a post-election market.

Ready to Maximize Your Home’s Value? Here’s How to Prepare

• Price Competitively, but Strategically: With interest rates low, buyers are prepared to make strong offers. Don’t underprice, but work with your real estate agent to hit the sweet spot that attracts interest and incites competition.
• Stage and Market Aggressively: Baldwin County buyers want move-in-ready homes. Make your property shine by investing in professional staging and photography, and work with your agent to leverage digital marketing that targets out-of-state buyers relocating to Baldwin County.
• Act Fast—Inventory is Your Advantage: The current inventory shortage is creating demand that works in your favor. Acting now, before potential policy changes increase inventory, will give you the edge in a seller’s market that could soften next year.

Conclusion: Your Window of Opportunity is NOW

Waiting for the election results to play out could cost you. The Baldwin County housing market is hot, and you have a prime opportunity to capitalize on a perfect storm of low inventory, high demand, and eager buyers. As we approach November, the market is yours to command, but don’t risk getting left behind if interest rates rise or new policies flood the market with competition.

If you’re ready to sell, there’s no time like the present. Partner with a knowledgeable Baldwin County real estate agent to make the most of this unique moment. By listing now, you can seize this window of opportunity and maximize your home’s value before the market potentially shifts. Don’t wait for the election to decide your future—make the decision today, and secure your success in Baldwin County’s thriving real estate market!