5 Reasons You Should Sell Your Home NOW in 2021!
The past year and a half has been a time of upheaval and uncertainty for many. As other factors in your life begin to change, you might be wondering if you should sell your home now or wait.
Truthfully, there might be no better time than now to sell your house! Talking to a qualified real estate agent about your situation will give you the clearest picture of the best options for you. Here are a few reasons why it might be the best time to sell your home now!
- Homes are selling quickly
- Homes are selling at or above asking price
- Mortgage rates are relatively low
- Accommodate your remote working lifestyle
- Take advantage of recent home improvements
1. Homes are selling quickly
Many experts agree you should sell your home now because 2021 has been a hot selling market, especially in Texas. The Realtors Confidence Index Survey released in July 2021 by the National Association of Realtors revealed that the median number of days homes sat on the market was just 17 days. Homes are selling fast!
Not only that, but the amount of homes available on the market has remained low as demand has increased. This means that if you sell your home now it will be in higher demand than later when more homeowners might be looking to sell.
2. Homes are selling at or above asking price
The high demand for homes contrasted with the relatively low availability of homes on the market does not only mean it will sell fast. It also means that, as you will likely have multiple offers, buyers will have to compete. This means if you sell your home now you are likely to get your asking price or even higher as buyers continue to place bids for your home.
3. Mortgage rates are relatively low
Mortgage rates hit a record low at the beginning of this year. Since then it has fluctuated somewhat but remains hovered around the low end. Experts have mixed predictions about what the near future might bring. However, if you sell your house now you can still take advantage of these low mortgage rates. Considering the downpayment and other hidden costs of buying a home, low mortgage rates make your home more affordable overall to more buyers. Not only that, but you can also take advantage of these lower rates when securing a new home for yourself.
4. Accommodate your remote working lifestyle
The past year and a half has prompted most of us to change the way we think about our home and how we work. The “work-from-home” trend was the solution for many issues surrounding the pandemic. Now that things are beginning to return to normal, in many instances it seems that working from home, or at least a form of it, is here to stay. However, not every house is suited to the work-from-home lifestyle. For example, it might now be increasingly necessary for a private home office, whereas that might not have been an issue when you first bought your home. If this is the case for you, it might be a good idea to sell your home now so you can upgrade to a space more suited to this lifestyle.
5. Take advantage of recent home improvements
Did you just make some home improvements that increase the resale value of your home? If so, the sooner you sell your home the better effect these improvements will have on your asking price. Some simple home improvements that increase the resale value of your home might include:
- Updated flooring
- Fresh paint
- Improved energy efficiency
- Improved curb appeal
- Adding square footage
- Opening up the floorplan
- New appliances
- Kitchen and/or bathroom remodel
- New roof
If you’ve recently made some significant home improvements, it might be worth it to sell your home now and reap the financial benefits from the remodel.
Are you considering selling your home soon? Give Ruth Stultz a call to see how she can help! Ruth Stultz is a highly experienced realtor who understands Lake Conroe and Montgomery County better than anyone. When it comes to selling your current home or finding the perfect property with everything you want, Ruth knows exactly where to look. You can trust Ruth Stultz with buying and selling your home.
Love this content and want more? Check out our blog!
