If you’re wondering “should I sell my home this spring?” you’re already on track to success. Take action on that thought and sell with confidence because selling your home in the Boston area is a great idea! Barrett Sotheby’s International Realty’s worldwide relationships are working in your favor, as well as the factors explained below.
Market Trends Indicate High Demand and Low Inventory
This spring is a particularly special season. Spring 2021 is following the trend of real estate in the pandemic. Buyers are now working from home and long to stretch out and live in a larger space. Demand for housing, especially single-family homes, is sky-high. When demand is high, supply, or inventory decreases. It’s in your best interest to put your home on the market in these hot conditions!
Mortgage Rates Are Historically Low
Mortgage rates are lower than ever, hovering around the 3.3% mark for a 30-year payment and 2.5% for a 15-year plan. They are expected to continue to be below 4% for the duration of 2021. Low rates drive buyers’ demand because they want the best rate when they buy their home. Many buyers are on the market right now in search of their next dream home to purchase with a great mortgage rate, so put your home on the market while buyers are looking!
Starter Homes Are Flying Off the Market
If you own a starter home, you’re in luck. With prices high, buyers are looking to pick up starter homes to fit within their budgets. As a seller, this is good news for you, because you can likely sell your starter home for more than you paid for it. Buyers are getting into bidding wars, which indicates that you will get an extremely healthy price for your home.
Greater Boston Area Homes Are Especially Popular
The Boston market is booming right now. There is a high demand for single-family homes in the Boston suburbs. Last year, the median cost of a single-family home in Greater Boston climbed nearly 10 percent. People want to move to the Boston area, and after all, who can blame them? Massachusetts is a great place to live, work, and raise a family.
Global Connections and Local Insights Are Waiting For You
If you do decide to list your home this spring there is a wide world of opportunities waiting for you at Barrett Sotheby’s International Realty. No listings in the Boston area market get more exposure to buyers than those listed with Barrett Sotheby’s International Realty. We use the latest technologies, marketing strategies and tactics to advertise your home to the widest possible audience. Contact Barrett Sotheby’s International Realty today to get your home on the market this spring!
Not Ready to Move? Introducing White Glove
If all this sounds great, but you don't think you are ready to sell your home right now, think again. Our White Glove suite of services can help you get moving in this fast-paced market. Our Pre-Listing Prep Service will enable you to prepare your home for market without paying for the cost of repairs or renovations upfront. If you want to take advantage of the demand but don't have anywhere to go yet, the Buy Before You Sell program means you can purchase the home you want before you sell the home you are in. Get in touch to find out more.