2020 is out and 2021 is in! While progress has certainly been made with our global health, and we are about to welcome a new era of leaders, there is still quite a bit of uncertainty in what we once knew as “normal.”
Leaders project we may never go back to a new “normal,” where dining out, socializing in large crowds, and hitting the gym after work was quite usual.
What does this mean to homeowners and the real estate market? Sources from Inman News and other reputable experts predict that due to our current circumstances, the real estate market will continue to be a powerful force in 2021.
A Strong Prediction for Real Estate and its Impact on Homeowners
It’s been a long 10 months of sheltering in place. This new way of working and living is changing the way people are thinking about their future.
Commuting to the office or living in an area that is “close to” the office is out, and working remotely is “in.”
That means homeowners are looking for more space for a home office that is separate from the rest of the family who is also working or learning remotely.
Gym equipment is filling up extra bedrooms or garages, creating the need for more space, extra rooms, bonus rooms, or even accessory dwelling units.
Kids are moving back home, elderly parents are needing at home care, and some couples are re-evaluating their future living situations. This creates a need for different housing layouts or larger or smaller houses.
Backyards are becoming a haven, an oasis for escape. Now used as places to entertain, have small holiday get togethers, and be a resource to enjoy life instead of going out on the town, yards are one of the most used parts of the home.
What about the impact of the people moving out of the area? Some are finding their dream homes in other parts of the state or country where they can find a larger or more affordable home. Or in some instances, homeowners are moving to locations that fit their beliefs and lifestyles better.
So what does this mean for you as a homeowner? Plenty if you are thinking of Buying or Selling.
The Impact of the 2021 Real Estate Market on Home Buyers and Sellers
If the thought of moving into a new home for any reason is appealing to you, you will be one of several home buyers who are competing for limited inventory.
This means you need to be ready with a loan approval in hand and a strong offer. Consulting with a reputable Realtor® who has experience with a tight market will be in your best interest.
If you are seller who wants to cash out in a strong seller’s market, you want to make sure you list your home with a Realtor® who will position your home to sell quickly and for Top Dollar. Preparing the home to attract as much attention as possible with brilliant professional photos, staging, and strong marketing ensures you get a home buyer who sees the value of your home and will pay you the price you deserve.
Contact The Gamache Team for Your Home Buying and Selling Needs
The Gamache Team has been especially busy this last year helping home buyers and sellers with their real estate needs. With a strong seller’s market, it is imperative you work with an agent experienced in the sale and purchase of a home in your market area.
No one wants to leave money on the table; The Gamache Team can help prepare, market, and sell your home in the Tri-Valley area for Top Dollar.
Should you be moving to our beautiful Tri-Valley area, we welcome you to view our communities then call us to help you purchase your home. We know the area, the other Realtors®, and the price you should offer to help your offer get accepted.
Please contact us; we look forward to helping you in 2021 and beyond, no matter what the market has in store!