If you’ve been thinking of selling your Dallas home, this is the year to get serious! 2020 was a great year for real estate, but experts predict 2021 will be even better. Here are 3 reasons why this is the year to sell your home:

 

1) Strengthening Buyer Demand

 

We’ve seen tons of buyer demand for Dallas homes over the past few years, but surprisingly to many, 2020 brought us to new heights despite the pandemic. Since many people can work from virtually anywhere, they have decided to finally make the move they’ve always dreamed of. In particular, we saw a lot of people moving to Dallas from out of state, and that trend that will likely only continue in 2021, as people leave higher-priced states and cities for the good life in Dallas.

 

In a recent report from the economists at Realtor.com, home sales nationwide are predicted to grow more than 7% in 2021, with the Dallas area expected to see sales grow by 11.3%.This is a healthy rate of growth fueled by increased buyer demand and more homes hitting the market. 

 

2) Rising Home Prices

 

In 2021, we could see home prices increase by 5% or more according to Realtor.com! Last year, we saw tons of buyer demand in the Dallas real estate market and not many homes for sale. In fact, depending on the area and price range, there is less than 1 MONTH of inventory right now; A “balanced” market usually has 6-8 months of inventory. The sellers’ market in Dallas continues to rage on! When there are more buyers than homes to buy, buyers have to compete which leads to maximum returns for the sellers. As a seller, what’s better than generating maximum profit when selling your home? Although we expect more sellers to list their homes this year, it’s unlikely to keep up with the flood of buyers in the Dallas market. If you’ve been holding on to your home in order to get top dollar, then NOW might be just the time you’ve been waiting for to cash out! 

 

3) Low Interest Rates

 

We live in a time when interest rates have truly never been lower. This is a key factor in stimulating buyer demand for homes, because low interest rates equate to higher purchasing prices for buyers. With rent prices rivaling mortgage payments nearly dollar for dollar, many buyers who are able are opting to purchase rather than continuing to rent. For you, the seller, this means a larger potential buyer pool for your property. As mentioned above, the greater the buyer competition, the better things go for you as a seller. At some point, interest rates WILL rise again, which will likely shrink the available pool of buyers for any given price point. Why wait to earn less, when you can sell now, while buyer competition is still very healthy and seller-friendly? Let’s discuss a plan on how you can maximize your profit when selling in this market!

 

 

If you’ve been thinking of selling your home, but are still unsure if it makes sense to do so, then reach out to us, and we can help you determine what’s best! We believe in doing things when it makes sense for YOU, the client, because selling a home is a huge commitment. If you’re not truly ready, then it’s not something that you should do. A brief conversation with us can provide you with the clarity you need to make the best decision for your family, goals, and needs! 

 

Of course, there’s no obligation and ZERO pressure, so you can feel confident knowing that the information you’ll be getting is truly given to assist you in your journey. If it makes sense for us to work together, then we’ll connect with you to truly understand your needs, get a picture of what you want to accomplish, and craft a plan to get it done. Our proven, proprietary 9-step system is the most thorough marketing and selling system in Dallas! 

 

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