We can all agree that 2020 was a very unusual and uncertain year. During the last year, no one thought about making big life decisions like selling a house, because it was definitely not the right time for that. However, the situation has changed significantly this year and we all feel more relaxed and free, so you may be wondering if now is the best time to sell your home. Although we can say that only you know best when is the perfect time for you and your family to make this choice, the market certainly plays a significant role, and in 2021 it is very favorable for such projects. You can easily sell your house, but you can also find a future home that you will enjoy, which is great news.
Here are a few reasons why 2021 is the best time to sell your home:
1. You have enough time to prepare your home for sale
We can all agree that 2021 is much milder in terms of the pandemic, and that we are not as scared as in the previous year, nor do we have to spend time in quarantine. However, things still haven’t returned to normal, so most people still avoid spending too much time in public and hanging out with more people, and instead choose to spend time at home with their family. This is one of the main reasons why 2021 may be the ideal time to sell a house: because you have enough time to arrange it and prepare it for sale. You may want to do some renovation process, clean it up and get rid of excess stuff.
When preparing a home for sale, there is a lot of work to be done, and you often do not have enough time for that, so you delay the process for months and months. This year, you can set aside quite enough time to do all the work and prepare the house for the sale in the shortest time possible.
2. Mortgage rates are lower than ever
As we mentioned, the market situation is one of the most important factors that determines a favorable time for the sale of property. Thanks to the fact that mortgage rates reached their minimum in the previous year, the demand for homes has increased significantly, which is great news for all those who are considering selling their house. The higher the demand, the more you as a seller have the opportunity to dictate your terms. Because of this, there is a great chance that you will sell your house for a much larger amount of money than you initially expected. So we suggest that you do not delay this process, but get to work and take advantage of these excellent conditions.
3. The value of your home is probably much higher than in the previous few years
House prices have risen significantly in the previous year (over 8%), and the same trend continued in 2021. This is another reason why the current year is the best time to sell a house. The value of your house is probably far higher than in the previous few years, so you can get a lot more money for the same property. Talking about the power of the market! It is predicted that, unfortunately, 2022 will not be equally fruitful for sales, so we advise you to take this into account and not delay the sale too much, because you can lose a lot of money just because you were not enterprising enough.
4. Low inventory conditions
Another thing that is very favorable for sellers is the low inventory conditions. This means that there is a great demand, while supply is very scarce. Consequently, the market is set up in favor of sellers. If you are thinking of selling a home, now may be the right time, because more and more people are thinking about buying, and at this moment there is simply not enough for everyone. That is why people are racing to buy a house as soon as possible and provide themselves with a roof over their head as they dreamed of. However, before you rejoice too much, keep in mind that this situation is very changeable and that different inventory conditions are expected in the coming months. That is why 2021 is the year in which you want to think about selling, because the situation is maximally turned in your favor.
5. There isn’t too much pressure
Finally, another good reason why 2021 is a great choice for home sales is that there just isn’t too much pressure. Thanks to the global situation, things have changed in all aspects, including the real estate market. As we mentioned, the situation is not expected to be so favorable next year, but it is currently optimal and will not show sudden changes, which is certainly good news if you are planning to sell your house. You have plenty of time to prepare for the process and take all the necessary steps. Thanks to the fact that there is not too much pressure, you can be relaxed and avoid reckless decisions that come when you have to sell the property quickly. Now you will have enough customers to be able to choose the best price and enjoy the whole process, instead of stressing because things are not going smoothly. This is your year and you should make the most of it.
Conclusion: The year behind us was very unusual and there was no opportunity to make some major life decisions, such as selling a house and buying a new one. The situation has changed significantly in 2021, so for many reasons, the current year is considered very favorable for all those who want to sell their property. First of all, you have enough time to prepare your home for sale, and the market is also optimal: mortgage rates are low, the value of houses has increased, and there are low inventory conditions. Best of all, there simply isn’t too much pressure, so you can be as completely relaxed and maximally enjoy the process of selling your home.