The best time to sell a house to maximize return and minimize time on the market is. . . well that’s what we are talking about today so stay tuned!
Hi, I’m Ashley Palmer, I am a realtor with Town Realty in Charlottesville Virginia and we want to help YOU move smarter… You can learn more about us by visiting our website TOWNCVILLE.COM. For a complimentary consultation with me click on the link in the comments.
Experts are predicting a year of high demand and rising home prices. Buyers are eager to move, but the low supply of homes on the market in many parts of the U.S. is contributing to rising home prices. As a result, it remains a seller’s market that benefits homeowners who are choosing to sell NOW!
If you’re on the fence about selling, you have a few choices: You can put your house up for sale soon to take advantage of the current demand, you can wait out the pandemic (however long that takes) for a more vivid picture of the future of the economy, or you can opt to stay in your current home for the foreseeable future. Here are three reasons you should sell your home in 2021:
1. Interest Rates Are Expected to Remain Low
The average interest rate as of Dec. 10 was a record low of 2.71% for a 30-year, fixed-rate mortgage, according to Freddie Mac. This isn’t the first time since the start of the pandemic that mortgage rates have set a record — the first time was on March 5, when Freddie Mac reported the average rate was 3.29%, a 50-year low for mortgage interest rates
Interest rates are expected to rise towards the end of 2021– realtor.com predicts mortgage interest rates will reach 3.4% by the end of the year – but they should still remain low compared to historical averages.
2. You have a starter Home
Especially if you live in a place like Charlottesville where home prices are climbing fast and bidding wars are common, homes at entry-level prices — often purchased by first-time homebuyers — are likely to see plenty of buyer activity through the rest of the year.
3. You need to move
If you need to move for any reason, it’ possible to sell your home and find a new one. The need to move isn’t always positive, though. If you lost your job, you may be worried about your ability to continue to pay your mortgage. If that’s the case, selling may be a valid option. If you’re in a market seeing fast home sales, the lack of inventory can help your home sell.
If your just curious about what your home would be worth in todays market OR you are looking to sell your home give me a call or send me a message for a free valuation today! I can tell you what your home can sell for now or later on in the year. I use aggressive marketing techniques with the most cutting edge technology to get you top dollar for your home!
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