Should You Sell Your Home During a Recession? 5 Crucial Things To Consider

Every day, it seems that concerns about the coronavirus mount higher—as do fears of an impending recession. Homeowners who have been planning a sale during the typically bustling spring market might be wondering what to do.
We asked the experts what to expect if a recession hits, and what that means for the real estate market. Whether you're currently trying to sell your home or considering putting your property on the market soon, here are a few factors to keep in mind if a recession actually takes place.

1. What happens to home prices during a recession

This is probably no surprise, but it may still hurt to hear: In an economic downturn, homes tend to sell for lower prices, says Roger Ma, a New York–based financial planner and owner of lifelaidout. “If the market is softer and there's decreased demand, the price that you may be able to command may be less than what you would have imagined,” he says. “It could be less than what you paid, and the net amount that you receive could be less than the amount that you put into it.”

2. Is the timing right for you?

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