It may seem difficult to imagine that the home you’re in today might not be your forever home. Many needs changed back in 2020, and it’s okay to admit that you’ve outgrown your home. You might be working from home, facilitating virtual school, or simply just spending more time in your home than you used to. Homeowners across the country have found that they need more space in their home this year due to these changes.
According to Home Price Insights, released by CoreLogic in November 2020, prices have appreciated 7.3% year-over-year. At the same time, the National Association of Realtors (NAR) reports that inventory has dropped 22% from one year ago.
This is great news if you currently own a home and you’re thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for their dream home, and your home might be high on their wish list in 2021!
Whether you’re a first-time homebuyer or a seasoned homebuyer, it’s important that you find a trusted lender to work with on your financing needs. Apex Home Loans has adapted extremely well to the circumstances and has utilized digital techniques and virtual education to help homebuyers throughout 2020. Despite working virtually, we are still dedicated to finding you the perfect mortgage to fit your financial goals and will strive to make your experience nothing less than superior. Last year, we hit new records…we helped 5,238 people buy a new home, and we helped 1,239 buy their first home!
Bottom Line
If you are finding that your current home doesn’t meet your needs, it may be time to start your homebuying journey. We always recommend working with a local and experienced team during your homebuying process. Did you know that Apex Home Loans is local, experienced, and independent? Let’s connect to discuss local market conditions and determine if now is a good time to make the move into a different home.
Topics: move up buyer, Homebuyer
