Interested in Your Own Personally Branded Magazine? Click Here!

Want to customize this content for your business?

Learn More

Categories

  • Home
  • Decor
  • Real Estate
  • Life & Culture
  • Food & Recipes
  • Holiday & Entertaining

  • Printables
  • Videos


General

  • About the Magazine
  • Advertise
  • Copyright
  • Privacy Policy
  • Cookie Policy
  • Careers


Editorial

  • Editorial Calendar
  • Issue Archive
  • Contact Us
  • Pitch an Idea

American Lifestyle Magazine Logo
  • Home
  • Decor
  • Real Estate
  • Life & Culture
  • Food & Recipes
  • Holiday & Entertaining
  • Search
  • Follow
  • 0 Heart
  • |
  • Food & Recipes Categories
    • All Recipes (719)
    • Appetizers (136)
    • Breakfast (56)
    • Cooking Tips (41)
    • Desserts (201)
    • Dinner (213)
    • Drinks (59)
    • Gluten Free (9)
    • Healthy (60)
    • Quick & Easy (55)
    • Vegan (28)
    • Vegetarian (42)
dry-fruit
All Recipes | Feb 17, 2021

Simply Dried Fruit Snacks

  • Holiday & Entertaining Categories
    • Christmas (69)
    • Easter (14)
    • Entertaining (37)
    • Father’s Day (5)
    • Halloween (28)
    • Hanukkah (11)
    • July 4th (32)
    • Mother’s Day (8)
    • New Year’s (18)
    • St. Patrick's Day (11)
    • Thanksgiving (30)
    • Valentine’s Day (5)
fireplace-picnic
Decorate | Feb 1, 2021

Set a Spark this Valentine’s Day

  • Decor Categories
    • Crafts & DIY Projects (270)
    • Curb Appeal (4)
    • Decorate (52)
    • Interior Design (58)
come in we're open sign
Interior Design | Feb 23, 2021

Support These Black-Owned Home-Based Businesses

homemade-cleaners
Cleaning | Feb 18, 2021

Make Your Own Natural Cleaners

faux-galvanized-sign
Crafts & DIY Projects | Feb 15, 2021

Faux-Metal Wooden Sign

  • Real Estate Categories
    • Buying & Selling (132)
    • Home Trends (17)
    • Staging (11)
    • Your First House (12)
closeup of woman in business attire
Buying & Selling | Feb 26, 2021

What Does That Mean? Certifications and Designations to Know When You Hire an Agent

man making a toast at table
Buying & Selling | Feb 19, 2021

Downsize or Upsize—Which Is Right for You?

outside view of vacation home on the water
Buying & Selling | Feb 12, 2021

What to Know When Shopping for a Second Home

  • Life & Culture Categories
    • Editorial (210)
    • Family & Pets (178)
    • Finances (18)
    • Health (147)
    • Travel (206)
erin
Editorial | Feb 26, 2021

Epiphanies in Impressionism

man writing in journal
Finances | Feb 22, 2021

Here’s What You Need to Know About Tax Deductibles

Editorial | Feb 19, 2021

Reaching for the Moon

  • Home Categories
    • Cleaning (33)
    • Organizing (37)
    • Home Improvement (99)
    • Outdoors & Gardening (71)
Home Improvement | Feb 25, 2021

4 Home Projects to Invest in This Year

Home Improvement | Feb 20, 2021

A Painting Primer

homemade-cleaners
Cleaning | Feb 18, 2021

Make Your Own Natural Cleaners

Follow us on social media today!

Facebook Twitter LinkedIn

Why You Shouldn’t Wait for 2021 to Sell Your Home

Buying & Selling | By Christy Murdock Edgar | 0 Likes
SHARE
Facebook Twitter LinkedIn More

Traditionally, the spring market is the time when everyone jockeys to position their home for a quick and profitable sale. However, as with so many other things in 2020, there’s a “new normal’ when it comes to the real estate market. That means that buyers are still looking and it’s still a great time to list your home.

Why wait until 2021 when your perfect buyer may be ready to make an offer on your home right now? Here are some of the reasons you might want to call up a trusted real estate agent or broker today.

home for sale

You literally have a captive audience.

Think about all of the distractions that normally happen around this time of year. Spooky season has everyone planning and attending parties and preparing elaborate trick or treat traditions. Thanksgiving and the December holidays have folks traveling and spending money on gifts rather than down payments. This year, however, folks are stuck at home with little to do—and thinking about the things that drive them crazy in their current space.

Your home’s photographs, property description, video tour, virtual walkthrough, and social media-shared virtual open house has an unprecedented audience watching 24/7. Hopeful homebuyers aren’t just texting each other about your property’s best features—they’re sitting together and discussing them while social distancing from the rest of the world. There has never been a better time to capture the attention of buyers in your area and convince them that your home is the one they’ve been waiting for.

Demand from buyers is still sky-high.

This has been a frustrating year for buyers who had planned to home shop in the spring 2020 market. First, COVID-mandated shutdowns kept them at home when they had planned to spend their weekends visiting open houses. Then, many sellers took their homes off the market in favor of waiting out the uncertainty. That means that a lot of people have their down payment saved up and burning a hole in their bank account.

Interest rates are still historically low.

It seems that every week we see stories about historically low interest rates. So, what does this mean for homebuyers—and those who wish to sell to them? Low just got lower, according to a report by Freddie Mac. In fact, today’s rates are a full percentage point lower than the average rate over the past five years. That means that buyers can find a great deal on their mortgage today—one that may not be available in 2021.

Inventory is still low.

Similarly, the one-two impact of already low home inventory in many major markets and COVID’s effect on new home construction means that home inventory has hit a trough. As of September, there were just 2.7 months of available housing inventory. This is creating unprecedented demand and an incredible opportunity for home sellers, especially those in desirable neighborhoods.

If you are thinking about putting your home on the market, and then purchasing a new home, talk to a real estate agent about helping you coordinate your sale and purchase. Find out what markets offer additional inventory or, alternatively, what new home construction options might work for you and your family.

all white kitchen with marble counter

Home values are up.

If you remember your reading from Econ 101, historically high demand and historically short supply add up to an unprecedented rise in home values. Add to that the increased affordability offered by falling interest rates and it’s a great deal for homeowners with a house to sell. In addition, one of the added benefits of this boost in home values is that it is happening in a variety of markets, including some that don’t usually benefit from increased demand.

Markets are shifting.

Those markets that are becoming increasingly popular? Rural and suburban communities, many of which frequently see flat demand and home values while competitive urban and exurban markets are booming. One of the unpredictable effects of COVID-related shutdowns has been increased demand for more land, more outdoor space, and more recreational amenities like pools and tennis courts. These are easier to come by in suburban, estate, and rural communities, where larger homes and larger lot sizes are prevalent.

In addition, because work from home has become the standard for many companies well into the foreseeable future, professionals no longer need to worry about long commute times and proximity to a downtown office. Thus, for many families that means a move to a larger space for dual home offices and a more affordable way of life.

red for sale sign

The 2020 market is unprecedented.

You know the pattern—February or early March is the beginning of the spring market, which begins to run out of gas around July 4. Everyone wants to be in place by the time school starts and no one wants to sell during the holidays. That has been the real estate market timeline for decades.

Well, all bets are off in the topsy-turvy world of 2020. That means that the old rules of market timing don’t apply because the habits and patterns they are based on don’t apply. There’s no reason to put off listing when all of the market indicators are in favor of it and lifestyles and traditions are thoroughly altered. This provides a rare opportunity for you to put your home on the market without worrying about unfavorable timing. If selling your home has been a goal for you this year, you could still check it off of your list before you ring in the New Year.

4227 Views

This article is tagged in:

FinanceFinance TipsFinancial AdviceHome AdviceHome BuyingHome LoanMortgageReal EstateReal Estate AgentRefinancingSellerSelling

Related Posts

closeup of woman in business attire
Real Estate | Feb 26, 2021

What Does That Mean? Certifications and Designations to Know When You Hire an Agent

man writing in journal
Life & Culture | Feb 22, 2021

Here’s What You Need to Know About Tax Deductibles

Home | Feb 20, 2021

A Painting Primer

man making a toast at table
Real Estate | Feb 19, 2021

Downsize or Upsize—Which Is Right for You?

Winter Home Projects | Feb 15, 2021

Creating an At-Home Library

Popular Posts

can-planters-card
Staying Home | Mar 25, 2020

Make Your Own Can Planters

Staying Home | Jun 24, 2020

Tips for Redesigning Your Patio Space

Real Estate | Dec 14, 2017

House Selling Checklist

12-Direct | Feb 17, 2020

Trash vs. Recycle: Do You Know When to Trash it?

decorating-basics
Staying Home | Jun 9, 2020

These Tips Are Your North Star For Home Decorating


You may also like:

can-planters-card
Crafts & DIY Projects | Mar 25, 2020

Make Your Own Can Planters

Outdoors & Gardening | Jun 24, 2020

Tips for Redesigning Your Patio Space

Buying & Selling | Dec 14, 2017

House Selling Checklist

Health | Feb 17, 2020

Trash vs. Recycle: Do You Know When to Trash it?

decorating-basics
Interior Design | Jun 9, 2020

These Tips Are Your North Star For Home Decorating

home office with white furniture
Health | Mar 30, 2020

Everyone Is Working From Home—Here’s How to Do It Effectively

easy-weekend-projects-
Home Improvement | Jul 30, 2020

Sell Faster with These Small Projects

Share on Social Media

Our mission is to deliver entertainment that inspires and motivates our readers, encouraging them to follow their passions as they explore new horizons.

© 2021 American Lifestyle Magazine

General
  • About the Magazine
  • Advertise
  • Copyright
  • Privacy Policy
  • Cookie Policy
  • Careers
Editorial
  • Editorial Calendar
  • Issue Archive
  • Contact Us
  • Pitch an Idea
Categories
  • Home
  • Decor
  • Real Estate
  • Life & Culture
  • Food & Recipes
  • Holiday & Entertaining
Follow Us
Facebook Pinterest Instagram Youtube

Customize this content for your business!

Learn More

,