Fall is the time! Historically this is a very strong time of the year to sell and this year proves to be as busy as ever. The market is up and inventory is critically down making it a terrific Seller's market. With the crunch of the holiday's around the corner, buyers are willing to pay a premium for convenience and are eager to be settled before family arrives. The Fall market brings serious buyers and sellers making it worth everyone's time. Homes always look very inviting this time of year setting the scene for a TOP DOLLAR sale. The Cobb Group is dedicated to help you sell your home this Autumn. Give us a call today!

In 2021, Make Hay While the Sun Shines

Moving is a big deal, and the decision of whether to sell your house now or wait is rarely an easy one. But in 2021, perhaps more so than any other moment in history, sellers have received sign after sign that it’s an opportune window to put their house on the market — at least from a financial standpoint.

So let’s talk about what’s going on.

In case you missed it, the pandemic launched a home buying spree of epic proportions. A struggling economy sent mortgage rates to low levels while many Americans sought out bigger, better homes to spend their days working from home and ride out the health crisis.

A tidal wave of demand was met with a sorry amount of housing supply as a result of material costs, supply chain disruptions, and years of chronic underbuilding in the new construction industry. Early in the summer, it looked like mortgage rates were going to climb, but then they dropped again amid Delta variant fears.

It’s only as of recently that small signs of the market cooling have emerged, but conditions still remain highly competitive. That said, no one knows exactly when things could change, adding more urgency to the equation.

In summary, 2021 is a good time to sell because:

  • Most of the country is still a seller’s market
  • Supply is inching upward, but it’s still tight
  • Home prices boomed over the past year, boosting equity
  • Conditions won’t stay this competitive forever

You should consider selling now if:

  • You’re trading up and want to lock in a low mortgage rate.
  • You’re looking to maximize retirement funds.
  • You’re OK with renting for a stint.
  • Your house needs some work.

Wait to sell if:

  • You recently refinanced your home.
  • You can’t afford current housing prices.
  • You haven’t built much equity yet.
  • You’d pay hefty capital gains taxes.
  • You aren’t mentally ready to sell. 

Article by Valerie Kalfrin on 

Posted by The Cobb Group on
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