No Comments

3 Reasons To List Your Home In 2021

It’s safe to say that 2020 was filled with uncertainty and general unrest. With the global pandemic in full swing and so much left to the unknown – you may have held off on selling your house. At the beginning of the pandemic, the housing market initially dropped, but made quite a comeback in the later half of 2020. More than ever before, buyers are ready to move! Experts believe that 2021 will be a great year to sell! Keep reading to learn more about the 3 major reasons you should list your home in 2021.

Low Interest Rates: FHFA announced conforming loan limits for 2021! Increased loan limits means more power for buyers. Even though interest rates will gradually rise throughout 2021, they are expected to sit fairly low compared to averages throughout recent history. Click here to read more about loan limits in every county in the U.S.

You Need to Move: Maybe 2020 has caused a financial change or you’re needing space for a home office.  No matter the reason that you need to move, the lack of inventory will help your home sell quickly. Todd Teta, chief product officer at ATTOM Data Solutions says, “There is incredibly low inventory, with less than 500,000 homes for sale, mortgage rates are at 50-year lows, and there’s no sign yet of distressed sellers from the recession coming out. These supply and demand factors will push prices even higher in the first half of the year.”

You Own a Starter Home: Homes at entry level prices that are appealing to first time-home buyers are expected to be in high demand throughout 2021. Danielle Hale, chief economist for explains, “While younger Millennial and Gen-Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”

If you’re ready to list your home, leave it to the experts at Brookside Real Estate Company! Give us a call at (816) 333-3330 or stop by our storefront office at 9 W 63rd Street – when the flag is up, we’re open!