Have you been wanting to relocate to a new part of town? After this past year with the Covid-19 pandemic, perhaps you are ready to move to a completely different town? You have probably seen how quickly homes are selling and have thought to yourself, “I should go ahead and list my home and see what kind of offers I can get for it.” Although that may be the best option for you, it’s important to fully educate yourself, as well as, consult with a knowledgeable real estate agent who can better help you understand what to expect when you go to sell and buy a home before the end of the year 2021.
Did you know that according to the Home Buyer’s Association, the numbers show that mortgage rates will more than likely begin to increase the closer we get to the end of the year? Listing prices for homes are also said to increase, possibly at a slower rate than the first half of the year, but will still be on the rise. So what does this mean for you?
Homes Are Selling Quick
Homes are selling quickly, which means that there are also fewer homes for sale on the market. If you are browsing for homes on the MLS, you have to act quickly. The agents at Charles Burt have been seeing same-day offers going out all year, so you have to be in the mindset of taking action right away if you would like to make an offer on a home.
The Prices Continue To Rise
With fewer homes staying on the market, the prices have continued to rise for purchasing homes. If you see a house that you may be interested in, you’ll want to consult with your local real estate agent to figure out what a reasonable offer may be in order to secure a chance at getting the home. You’ll want to do this sooner than later so that you don’t end up paying too much for the home as the prices continue to rise.
Mortgage Rates Are Predicted To Grow By The End Of The Year
As of right now, the mortgage rates are predicted to rise by the end of the year. You want to shop around to see what mortgage rates you qualify for and find which one works best for you.
Contact Charles Burt
The agents at Charles Burt would love to help you and will remain by your side the whole step of the way to ensure that you are making quality offers, and getting the results that you want. To find an agent that is right for you, please feel free to visit our website.