To say 2020 was a little crazy would be putting it lightly. Even with COVID-19 affecting all of us, there were many other newsworthy events this past year. The stock market hit record highs and mortgage rates hit record lows. Many savvy homeowners took advantage of this to sell their home for a great profit. Of course, not everyone has the same goals, so is it a good time to sell YOUR home?
While a hot seller’s market is great, there are of course other factors to consider. If you’re on the fence about selling your home, here are some other things to consider. These four factors will help you determine if it is a good time to sell your home?
COVID-19 – Do you want others in and out of your home?
We are nearly a year into the pandemic and many industries have figured out how to conduct business with relative safety. You can start with the normal precautions such as masks, gloves, and keeping your distance. However, this can include the responsibility of extra thorough cleaning on your part. Plus, many would still rather avoid having strangers come in and out of your home altogether.
Fortunately, with Property Buyer Connect, you don’t need to worry about that. We simply give you a cash offer and take care of the rest once you accept. In many cases, we can even give you an offer over the phone without ever needing to step foot in your home. There are no strangers touring your home and no extra cleaning on your part. In fact, we buy homes in any condition, so you don’t need to clean at all.
Local Market – Are you competing with other sellers?
Overall, because the market is so hot, homes are selling very quickly and the supply is extremely low right now. Philadelphia is an area with relatively low-cost homes so there are plenty of buyers. Furthermore, Property Buyer Connect is constantly buying homes. This means you don’t have to worry about competing with your neighbors to get a sale.
Market Conditions – Can you find a buyer?
This is one factor you don’t have to worry about. The demand to buy a home has been skyrocketing recently for a few reasons. We already mentioned the current low mortgage rates, but the pandemic has also had an impact. Many people are looking to escape the cramped living conditions of apartments and move into a house.
Your plans – What is your next move?
Many people are choosing to move into bigger, nicer, or newer homes to take advantage of the current low mortgage rates. These low rates can allow you to move into a more expensive home while keeping your monthly payment the same. Additionally, when you sell your home to us directly, you save on all the fees you would pay with a traditional realtor. We also make the process fast so you don’t have to worry about waiting for the sale of your old home.
We work with many people that have inherited a property, are going through a divorce, or are looking to move quickly. In any case, we know how lengthy and frustrating the typical home selling process can be. Property Buyer Connect takes all of that pressure off of you, so you can move on to whatever your next plans may be.
Is it a Good Time to Sell Your Home? Talk with Us
Even though it is one of the best times in recent history to sell your home, we understand it is still a big decision. Property Buyer Connect is here to help and give you the best advice for YOU. We are local experts on the Philadelphia market. We will let you know if we think you have better options. You can contact us today for a completely free, no-obligation consultation.