Despite the adverse effects of the pandemic, the housing market in Maryland has been thriving and we predict it will continue to do so. As we have begun to return to a new normal over the last few months, the housing market has continued to prosper, fueling a new wave of buyers and sellers. The current market is fostering an environment of high competition, resulting in many homes in the area selling quickly with multiple offers. Are you missing out on the perfect opportunity to sell your home? 

Why is now the perfect time to sell?

Whether you plan on downsizing or upgrading your current home, now is the perfect time to make your move. Several factors are contributing to this “perfect storm” in the marketplace, meaning that if you take advantage of the current market, you will be looking at a significant return on your sale. 

Low Mortgage Rates

Nationwide, buyers are seeing the best mortgage rates in decades. With lower rates, more families and individuals can afford homes in the area. This is opening up many opportunities for buyers and creating the need for more homes in Maryland. Low mortgage rates will not only save you money on monthly mortgage payments but will reduce the amount of interest you will pay over time. 

High Demand for Housing

With rental rates in the area increasing, many residents are looking to buy to escape high leases. Many people see the value in owning a home and seek options in the area to replace rentals. Many homes are receiving multiple offers, above the asking price, within days of listing. In fact, some buyers are putting offers on homes without even seeing the property in person (thanks to Zoom and FaceTime)! 

With remote work becoming widely popular, workers no longer need to live close to their office, giving many the opportunity to explore new areas. This has led to more buyers entering markets that would not have been feasible previously with their old commute.

Low Supply 

Even with the market being highly competitive, families and individuals are not getting discouraged and continue to search for the perfect home. Due to the limited supply, home values are soaring and creating a great opportunity for sellers in Maryland. 

Thinking About Selling Your Home? 

The best place to get started is by having a realtor who knows your area the best to give you a free home evaluation. Working with an experienced real estate team like The Reynolds Team will help you consider all the factors to properly evaluate the value of your home in the current market. We believe as this article says, there is no better time than NOW to sell your home. Our guarantees and programs also will help make the decision to work with us even easier. We will guarantee we will sell your home or our team leaders will buy it. We also are offering again for a limited time, our Zero Commission program which will allow you as the seller to sell your home for top dollar and for absolutely free. We will negotiate to have the buyer pay the biggest cost you have as a seller allowing you to put even more money in your pocket. Call us to get more information and to set up your free home evaluation! Call us now at 304-316-6412.