You may be asking yourself if 2021 is the year you should sell your house. Is it wise to do it during a pandemic though?
Over the last year, our nation has faced much uncertainty. But during these unprecedented times and circumstances, there is one thing that remains the same in our country, including Utah: we’re sitting in a good housing market. Utah homeowners are in a great spot as home prices are still rising, which leaves them wondering if they should sell their property now. After all, the massive profit margins are enticing. But, there are many things to think about before selling your house.
If you are considering listing your property, here are some things you will want to consider:
CURRENT BUYER DEMAND — Before selling your home, it’s essential to think about the current buyer demand. In Utah, and almost everywhere in the United States, that is a clear and resounding YES! The demand for homes and buyers has surged over the last year. The demand for homes is astronomical as Utah’s population continues to grow, so much so that there is a shortage of houses. Moreover, with record-low mortgage rates, more and more buyers are hoping to snag a home for sale.
WHAT IS THE COMPETITION — The seller competition will vary from market to market, but there isn’t much competition for sellers in Utah. It certainly is a seller’s market in the Beehive State. With the limited inventory and many homeowners choosing to wait until after the pandemic to sell their properties, a seller should have no problem selling their house at this time — in fact, they likely have the upper hand.
IS IT SAFE TO SELL YOUR HOUSE DURING A PANDEMIC? — The pandemic has obviously created some serious new challenges and difficulties, including the process of selling your house. With how contagious COVID-19 is, inviting strangers into your home is something nobody wants to do. But with enhanced cleaning and sanitizing protocols, mask-wearing, and virtual open houses and tours, selling your home at this time is completely safe. Just use your good sense and wash your hands often.
GOALS POST SALE — If your goal is to sell your house and buy a new one, make sure you have a plan in place before you become homeless. Keep in mind how competitive the market is for buyers, and you might be paying a premium when you do find a property to purchase.
Contact Utah Sell Now
If you decide to sell your house, don’t forget to consider the professional home buyers at Utah Sell Now.
We want to buy your property as-is for cash. You don’t have to spend money or time worrying about renovations, repairs, or even cleaning your home — we want it in its current condition. When you sell to Utah Sell Now, you avoid the headaches and hassles of traditional listing and can walk away with a check-in your hand in a little as one week. Contact us today to get your all-cash offer. We buy houses in Salt Lake City and the surrounding area.