Are You a Buyer or Selling Waiting to Enter the Market?

This is a great time for both buyers and sellers to enter the market.

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Selling a home? Click here for a FREE Home Price Evaluation

It’s been a very bizarre year; you may be considering buying or selling but are unsure whether it’s the right time to make a move. For all buyers sitting on the sidelines and sellers thinking about listing, you’ll want to pay attention to the information I’m sharing today.

For those contemplating buying, interest rates are at historic lows—don’t take that for granted! At some point, requirements for loans will get stricter, and rates will increase again. It will happen, though hopefully not for a while. There’s a ton of value and security in the market right now.

What’s more important to you—waiting for the “ideal” market or finding a home that’s safe and comfortable for your family? Try to avoid the “wait and see” mentality; no one who buys at the bottom and knows it at the time. Focus on quality and what will meet your requirements for at least the next few years.

Interest rates are at historic lows—don’t take that for granted!

For sellers waiting to list, there are active, serious buyers in the market right now. If they’re out looking for a house during the middle of this health crisis, they’re eager to get a deal done. Don’t wait, because people have spent the last six months realizing the inadequacies of their properties, and you can benefit from that.

Price your home so that the market chases the price up, not down. The worst thing you can do is price too high because you won’t get an offer, and you may not get anyone viewing your house in their online searches. We don’t know where the market will be in the future, so don’t take this current buyer demand for granted. If your property needs some improvements to make it shine, take advantage of that now while the contractors are still able to get into your house, just in case another wave of the coronavirus hits.

It’s been an unusual year, and it’s not over yet. We have an election coming up, and along with the ongoing pandemic, that could freeze real estate again. It may be much more difficult to buy or sell after that.

If you have questions about entering the market during this time or anything concerning real estate at all, give me a call or send an email. Your Iron Man Realtor would love to help you!