2021 is shaping up to be a seller's market. As the pandemic lingers on, homebuyers are fighting for the limited supply of homes for sale like never before. In fact, in December 2020, there was only a 1.9 month supply of homes (a record low) and 64 percent of all homes sold in March 2021 ended in a bidding war. With a hyper-competitive market, you need a few tricks up your sleeve.
When the market is hot for home sellers, it's easy to jump on that wagon and put your home on the market for almost-guaranteed profit. However, if you're thinking, 'I'm going to sell my single family house and make a lot of money', then you need to make sure your motivators are beneficial all the way around. Money isn't everything when it comes to selling a home, and even if the profit sounds nice, there might be other things you should consider when it comes to real estate as well.
The desire to buy a home often comes after having rented for long enough that you want to own your residence, or it can come about when your current home is getting too small for your family. So when you are ready to buy a home, be sure you enlist the help of a professional realtor and start your mortgage qualifying process. The following explains some considerations to keep in mind when you are looking to buy a house.
When you search for a home to buy during a seller's market, you might feel discouraged if you cannot find the right one. In a seller's market, homes sell so quickly that you might not find one you like, even after shopping for months. Is there another way to find a home to buy? You could try to find real estate sellers that have not listed their homes for sale yet, and here are a few ways to accomplish this goal.
When you decide now is the time to buy a home, there are a lot of details and some preparation to consider as you shop and hunt for the right house to buy. Your real estate agent is a great resource that can provide insight and recommendations along with expertise and professional guidance. Here are some tips to help you with your purchase. Act Quickly on Sale Opportunities When you have hired a professional real estate agent and give them a list of criteria that you are looking for in a home, they are going to do their best to bring you qualified listings of homes in the area.
Once you sign the sale contract with your listing agent, there's a good chance that things will start moving quickly. Your agent will want you to stage your home for the listing photos, open houses, and showings. If you've never experienced the staging process, you may not know exactly what to do or where to start. The information on this site will help you to not only understand what's expected of staging but also offer tips for you to maximize your efforts without investing a lot of time. I hope the information here makes your home sale process a little bit less confusing and a little easier to manage.