The real estate market
is extremely hot right now. In the Greater Baton Rouge area, many homes are
going under contract within a week of hitting the market. In some cases, homes
are selling almost as soon as the "for sale" sign goes up in the
yard! Even with the COVID-19 pandemic, the real estate market wheels have
kept on turning. With historically low-interest rates, many buyers have joined
the house hunt in full force in 2021.
But is now the right
time to sell your house? If you were already thinking about selling your home,
now may be the best time to put your house on the market. There are several
benefits to selling your home in 2021.
Are Up - This is a great opportunity for you to get top dollar for your home. On average, home prices in the United States have risen above 8%.
Mortgage Rates - Because of the historically low-interest rates, there has
been a substantial rise in the number of homebuyers looking to purchase a
Inventory - With the shortage of homes for sale, putting your home on
the market is almost guaranteed to bring a lot of activity and strong
- If you have been considering moving into a bigger home, you will have
access to the same great interest rates.
- You've been waiting for the right time to sell your current home and move into something smaller or a bit more manageable. Even if you were not
planning to downsize for a few years, now may be a good time to cash out
and take advantage of the current market.
- As we progress through the year. more and more homeowners will start to put their homes on the market, reducing demand and cause the current higher prices to decrease. Waiting until the latter part of 2021 or even
2022, may cause you to miss out on taking advantage of the current market.
Overall, the current
real estate market favors selling your home for the reasons we mentioned above.
However, we would not be doing our job if we did not convey a few reasons you
may want to tap the breaks on selling your home this year.
finances are not stable
a home in this market will subject you to the same level of competition homebuyers currently face.
Whatever decision you
make, it should make financial sense for you. We are here to guide you in
making confident and informed decisions. If you are ready to talk about selling
your home or just need more information, we’ve got you. Contact us today!