Numerous Buyers Are Interested in Purchasing a New or Second Home in 2021

Purchasing a New or Second HomeWith the effects of COVID-19 still pressing on our lifestyle choices and demands, many potential home buyers are no longer waiting for things to return to “normal” but rather have accepted that the new way we live is why they are looking to purchase homes now.

The interest rate has been extremely low, and although researchers predict an increase, that will still be nominal compared to years past. The inventory is still meager; throughout the entire country, with approximately only 500,000 homes available, but that number is expected to increase as well.

Many homeowners that have been on the fence about selling are ready to do so now. The reason or motive behind selling are unique to each individual, of course, but they are typically due to making a notable profit on home sales, moving into a larger, more spacious home, or for seniors, downsizing or moving into a senior community.

Supply and demand are thought to even out more in 2021 than we saw in 2020, for the sheer fact that people realize that working and spending time at home is not going to change much. Even though we are expected to see a significant amount of people getting the vaccine by the year’s end, we still have a ways to go to see real change, which could take years. Despite this optimistic look, we as a country and the world are going to see the virtual opportunities arise and the true staying power of technological advances.

Bidding wars are still presumed to grow, so if you are interested in buying, you need to be prepared to purchase. You must know your price range, and it’s optimal to have preapproval for your loan or funding. If you see a home you love, you don’t want to miss out.

If you are interested in buying or selling, it’s imperative that you seek out a realtor that knows the area, the comps in your area of interest, and one that can leverage potential buyers with specific needs and desires.

Realtor Denise Henry explains, “There is still an ongoing exodus from our country’s large metropolitan cities. People that come to Charlotte county fall in love with our small-town feel, privacy, and the paradise of the beach, water, and year-round sunshine.”

When you’re buying or selling, keeping the transition stress free is one of Denise’s top priorities. She offers attentive knowledge, exemplary customer service, and well-rounded knowledgeable insight. With years of experience and a proven track record, Denise has repeat customers who regularly refer family and friends. When you’re making life changes like buying or selling real estate, you should always consult and work with the best.

Contact Denise Henry Today.

Denise Henry  GRI, RENE
Broker Associate
RE/MAX Hall of Fame Realtor
RE/MAX Anchor Realty

3941 Tamiami Trail #3121
Punta Gorda, FL 33950
Call or Text 941-628-0856

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