Record low inventory, high demand, low supply and rising prices mean one thing: the real estate market is perfectly suited for sellers in 2021. These days, you have to be very quick and decisive if you want to have a perfect opportunity to get the home of your dreams. As such, here are a few tips we’ve compiled to help you compete in today’s real estate market!
Home prices have been on the rise over the last several months, and we don’t expect that to change until buyer demand goes down. Luckily, we’ve witnessed the lowest mortgage rates ever recorded throughout the last year. If rates remain ultra-low throughout 2021, you can take advantage of it and offset the high value of your home purchase. To do so, you’ll want to start making efforts to boost your credit right away!
We’ve always recommended seeking out pre-approval before starting the home search, but now it’s more important than ever to do so. For starters, you’ll have a clear idea of the budget you’ll be working with as you start shopping. This insight is critical during a time of relative uncertainty as we continue to navigate through the pandemic. Once you find the perfect home, a seller is much more likely to choose your offer if you’ve already received pre-approval. After all, why would they choose another offer when you’ve displayed that you’re ready to buy and follow through with the deal?
In 2021, having an experienced and talented real estate agent is highly advisable. Essentially, you should leave no stone unturned when trying to compete this year. An experienced real estate agent could legitimately be the one extra factor that convinces a buyer to choose your offer over the others they are surely pouring through. Additionally, the best real estate agents will be able to help you get the jump on new additions to the market by bringing the best new choices to your attention right away.
Clearview Realty helps home buyers in Colorado, Florida and California understand the different types of mortgages available and provide loans to help people achieve the dream of homeownership. Since the specifics of which mortgage to choose is dependent on a variety of factors, we encourage you to call us for more information and find out which is right for you. Our number is (303) 482-2361, or you can send us a message.