You would think with Donald Trump’s transition from real estate mogul to President of the United States would make this answer a resounding “yes.”
According to Allan Glass, founder of ASG Real Estate in Los Angeles, President Trump's presidency will result in fewer business regulations, which allows lenders to be more liberal with underwriting standards, and allow more nontraditional lenders to enter the residential lending markets.
On the other hand, President Trump's policies could also lead to advantageous tax structure changes that could prompt holding companies to sell investment real estate, according to a recent US News World Report story.
Great news: 30 year mortgages are hovering at about 4 percent, with the warnings that further hikes will continue this year. The time to act is now!
Uncertainty has the upper hand this year and coupled with such low inventory in the Westfield, Scotch Plains and Fanwood areas, now is a great time to sell your home! I would be happy to discuss any real estate questions with you. Please call me at 908-391-9295.
Maureen McCann Illanovsky, CRS, SRES
Senior Real Estate Specialist
Keller Williams Realty