Is 2021 The Year To Make Your Move?

Dated: February 22 2021

Views: 301

Making a move, selling or buying a new home is always a big decision. And in today's climate? It's even bigger, fraught with more questions, all kinds of questions that maybe you wouldn't even have been wondering about a couple of years ago. 

Well, let me put your mind at ease. There are a lot of reasons to leave doubt behind and make that positive step into your future. 

Financially speaking? It's a great time to buy and sell.

Interest rates are still at an all time low. Buying now is very inexpensive!

Keeping Current Matters published their encouragement to buyers reflected in the current market. 

"Low mortgage rates are creating an outstanding opportunity for current homebuyers to get more for their money while staying within their budget."

The Associated Press notes that low inventory contiunes to drive up housing prices, which is good news for sellers. Not only are home sales up, but prices are on the rise too.

"Home Prices also rose. The U.S. median home price was $303,900 in January, an increase of 14.1% from a year earlier. Prices increased in every region of the country."

And don't let rising prices scare you away. While it's true the market is driving prices up, they are expected to continue to do so. So...that means your equity is also expected to increase post purchase

Nerd Wallet points out that while the increase may not be as steep as it was in 2020, 2021 will still see a substantial equity bump. 

"Prices of existing homes are projected to increase 3.1% in 2021, compared with a 6.7% jump in 2020, according to an average of forecasts from Fannie Mae, Freddie Mac, the National Association of Realtors and the Mortgage Bankers Association."

There is alwasy a lot to consider in making such a big decision like buying or selling a home, but I'm here to help. I'm happy to answer any of your questions and make the transitions as easy and comfortable as possible. So, give me a call. 

If your are thinkning of selling, click here to find out the value of your home in today's market.

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Lisa Payne-Naeger

It's not a house; it's your home. Finding the next place you will be spending your precious time, making memories, enjoying life, your family, your friends, your space, … should be enjoyable and exc....

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