You may be aware that we are currently in a seller’s market. Many factors are contributing to this hot market: historically low interest rates, the effect of COVID-19 on urban-dwellers’ interest in moving to the less dense suburbs, and a scarcity of homes available to buy creating fast-paced turnover. In the month of October alone, a total of 2,481 sales were recorded in Sarasota and Manatee counties, a 36.1% increase over the same month last year. 

Whether you are thinking about downsizing, upsizing, renting or moving out of the city, this could be the optimal time for you to sell your home. With residential 30-year fixed mortgage interest rates hovering around 2.76%, decreasing time on market, and average sales price at or above asking price, this is the best time to sell in many years. The extra cash from your sale can go toward new furniture, paying down your new mortgage, the kids’ tuition, your 401K – or anything else!

These conditions will not last forever. Whatever is standing between you and your next home, local REALTORS^® can help. They offer the expertise to sell your home at the right price and market it effectively and safely. They can refer you to resources for decluttering, staging, financing and moving. Will 2021 be the year for your next big move?  Learn More 

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