It’s no surprise that COVID-19 has changed how people buy and sell their homes. Record-low mortgage rates jumpstarted 2021’s homebuying season in late January. Many home buyer hopefuls are eager to see how they stack up to current lender qualifications before mortgage rates rise again. The need to maintain social distance is causing more buyers to seek move-in ready homes to eliminate the need to have contractors on site. Take a look at what to expect when selling a home in 2021.
2021 is a seller’s year.
2021 is seeing high buyer demand but not enough available homes, making it a seller’s market. Buyers need to be more flexible and willing to make concessions. The listing prices of homes in 2020 jumped an impressive 6.7 percent. Prices in 2021 are expected to rise at a slower rate of 3.1 percent. Homeowners need to understand the best times to list their homes. Home prices are typically the highest in June and July and the lowest in January and February. There are more active home listings during the summer months, which drives buyer demand and results in faster sales.
You still need to make repairs and small upgrades.
You will need to make the necessary repairs and small upgrades to get your home ready to sell. The key to selling a home quickly and at the best price in 2021 is to understand what home buyers are looking for. People are spending most of their time at home and have a newfound need for certain necessities. Hopeful homeowners need a home office and deluxe kitchen. With work from home practices in full swing and people choosing to cook at home, homes that tick these boxes will sell better.
Adding curb appeal is a great way to get higher offers from buyers. The condition of the roof plays a big role in your home’s curb appeal, not to mention its importance when it comes to your home’s structural integrity. If your roof is old or you find leaks in your home, it might be time for a new roof. A roofing contractor can assess your roof and provide an estimate for your roof replacement options. When it comes to Montgomery County roofing companies, MLMHI offers a quality work guarantee and warranty protection on all installations. These roofers will help homeowners assess sustained damage and cost estimates for insurance claims, and they offer financing for homeowners without insurance. The Montgomery County roofers offer tile and shingles roof repair and roof installation as well as gutter and siding services.
Homebuying is going digital.
Virtual home tours, e-closings, and small-scale open houses became common real estate practices in 2020. These trends will continue in 2021. Buyers are relying on the internet to house-hunt and do research. Home listings with professional photos tend to sell faster and for a higher price. Virtual tours have been rising in popularity, especially with out-of-town buyers. A 3D walkthrough can help buyers determine if the home is worth seeing in person or make an offer before taking an actual tour.
It goes without saying, the more accurately you represent your home, the faster it will sell. It’s essential to give your home a thorough cleaning when staging it for photos and walkthroughs. Carpets and rugs are magnets for spills, stains, debris, odor, and allergens that can negatively affect indoor air quality. The best way to achieve a listing-ready clean carpet is to hire a carpet cleaning company.
Sundry specializes in residential, industrial, and commercial carpet cleaning and pest control. Their experienced technicians use hot water extraction cleaning methods to remove stains and residue deep within carpet fibers. They offer carpet cleaning services, upholstery cleaning, tile and grout cleaning, and pest control. The family-owned carpet cleaner prides itself on giving homeowners peace of mind and competitive prices on all cleaning services.
Homeowners who keep these tips in mind have a great opportunity to sell their homes quickly for an attractive asking price in 2021.