3 Reasons Why You Should Buy or Sell a Home in 2021

Welcome to 2021!!! It’s a new year with new possibilities, new challenges, and a new real estate market to explore! 

 

After both a long and then whirlwind of a year in 2020, Edmonton’s real estate market is expected to stay balanced in 2021, with most buyers looking to purchase single-family homes, townhomes, and duplexes with yards. 

 

Although many homeowners are still apprehensive about buying or selling during this time, the vaccine rollout means that the pandemic is hopefully nearing an end.  Buying or selling a home will become a more realistic option for many Edmontonians in 2021.

As one of Edmonton’s top Realtors, I’m here to educate homeowners about the real estate market and guide you in buying or selling a home at the right time for your family.

 

That being said, here are 3 reasons why I think you should take the plunge and buy or sell a home in 2021: 

city of edmonton river valley

 

1. Low-Interest Rates 

If you’re looking for a sign to buy a new home, here it is! Now is the time to take advantage of historically low-interest rates as it can mean that you can afford a bigger house or a slightly higher price point than you can when interest rates increase. 

 

Online mortgage calculators are great, but a personalized rate from a mortgage broker is even better! Contact me today and I’ll set you up with a great mortgage specialist at your bank (who only deals in mortgages), or a mortgage broker that can shop you around to find the best individual rate and terms specifically for you. 

 

2. People Need to Move 

Despite the impacts of the COVID-19 pandemic, there are still steady numbers of individuals who are looking to buy or sell a home in Edmonton in 2021. 

 

No matter what is happening in the world, homeowners are constantly faced with circumstances that require them to either sell their current home or purchase a new home. Maybe they are looking to upsize to welcome a new family member? Or maybe they are relocating for work? 

Whatever the case, there will always be homeowners looking to buy or sell a home in Edmonton and surrounding areas – which means that it’s the perfect time for you to buy or sell a home, too! 

 

3. Home Prices Continue to Rise 

According to RE/MAX Canada, home prices in Edmonton are expected to rise 2% to 3% by the end of 2021. 

 

Due to a widespread housing supply shortage in Canada, many markets will be facing higher home prices because of a lack of competition.  The Edmonton area is its own market with its own statistics, but we have had a relatively steady market since June 2020, and forecasts for 2021 look positive.  

If you’re ready to buy a new home this year, you may want to think about purchasing a home sooner rather than later to avoid the expected rise in home prices later in 2021. 

 

Are you thinking of buying or selling a home in 2021? Work with one of Edmonton’s most trusted Realtors! Contact Jeneen Marchant by phone: (780) 904-4240 or by email: jeneens@remax.net to get started.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.