5 Challenges Home Sellers Face in 2019

  • May 21, 2019

CMG Image

No matter what the market is doing, home sellers will face various challenges throughout the process.  Forbes contributor and CEO of Las Vegas Homes by the Brooks Team, Jim Brooks, outlined five specific challenges home sellers will face in 2019. 


Higher Home Prices

While rising home values will increase the home sellers’ return on their investment, it may create a barrier to some prospective buyers.  Although rapid home price appreciation has started to slow, most regions are still experiencing sustained home price growth.  Higher home prices especially impact first-time home buyers who may already be struggling to save for a down payment.  

Natural Disasters and Sustainability

Weather-related events and natural disasters are becoming increasingly common due to climate change.  Wildfires in California, hurricanes throughout the Northeast, and unusual winter storms have impacted not only existing housing stock, but the cost to rebuild and also the cost to insure properties in these locations.  If a seller is selling a home recently impacted by a natural disaster they may struggle to find a buyer who is willing to pay the higher home insurance costs or risk future natural disasters.

Pending Immigration Restrictions

Immigration reform affects all industry but especially real estate.  As the government restricts the issuance of green cards from 1.1 million down to 500,000, real estate developers are facing a shortage of skilled workers.  This impacts new home sellers who are struggling to replenish for sale inventory to feed buyer demand, but also impacts sellers of existing homes who find themselves competing with many other sellers. 

Rise of Remote Workers

In an increasingly tight labor market, more companies are willing to hire a skilled candidate to work remotely rather than limiting their search to local candidate or candidates willing to relocate.  With more American workers working remotely the need to relocate for employment is not as prevalent as it was ten or even five years ago.

An Overall Decline in Active Buyers

After many years of a “seller’s market,” data shows that there has been a decline in active buyers.  Home sales are expected to decline by 2% from 2018.  Depending on the market, some home sellers may experience less buyer foot traffic. 


In some situations, the home seller can offer seller concessions or seller contributions toward the buyer’s down payment to facilitate the sale of the home.  If you are selling a home this year, it could help you to talk to a mortgage lender ahead of time.  Get preapproved for the purchase of your new home and find out how you can reach more buyers in a competitive market. 


Sources: Forbes

Michael Diaz
Sales Manager
NMLS # 1414515
Branch NMLS # 1828011

Michael Diaz

PHONE: (954) 554-1938

CMG Image
© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).