2021-The Year to Sell or Stay?
Is Now the Time to Sell Your Home?
2020 was a year we won’t forget. It brought a lot of uncertainty, frustration, fear, and division, but it also made us realize what’s important to us: family, friends, health, freedom, and home. This new year shows promise of a fresh start for many. Maybe last year made you realize you need to be closer to family, or maybe you’re considering a bigger risk like moving to a new state. Here are a few things to help you decide if you should sell, or wait a bit longer.
You Have a Starter Home
If you have a home considered a starter home, this could be your year to sell. These homes are typically bought quickly, especially at entry-level pricing, usually between $150,000 and $250,000. If you have a small one or two-bedroom home, this may be a great time to sell.
Homes in Your Market Are Selling Quickly
If you need to move quickly, whether due to a job change or moving closer to family, a fast-moving local market is a great indication that it’s a good time to list your home.
Low Interest Rates
Interest rates have stayed surprisingly low, keeping mortgages more affordable even with fewer properties on the market. As demand remains high and inventory low, sellers who price well can capture strong equity from their sale.
A Chance to Start a New Chapter
Whether you’re downsizing, upsizing, moving closer to family, or relocating, this can be a great opportunity to make that move. Reach out to your real estate agent to talk through your options and see what selling now could look like for you.
