Why The Housing Market Will Remain Positive in 2021

Some people are becoming increasingly worried with the 2020 Presidential Election. After all, what if the results don’t go the way you want them to? You may worry that it could have an impact on your city by affecting the housing market and other important areas. However, we want to reassure you that the North East Georgia housing market will be positive despite the election.

Let’s look over some of the reasons why it will remain positive despite the election results.

Low Interest Rates

Most people need to get a mortgage if they want to purchase a home. Due to this, people will look into homes with low interest rates so they can save some money. After all, if you have to pay higher interest rates, it will take you more time to pay off your mortgage.

Luckily, NorthEast Georgia has low interest rates. This means that people can come in, pay for a home and pay off the mortgage quicker than other rates. This will naturally draw in more potential buyers, which will benefit you as a seller. This way, you can sell your home as quickly as possible.

High Buyer Demand

NorthEast Georgia currently has high buyer demand. This means that tons of people are moving into the area and they want to buy homes. Whether they want to do so for work or if they want to retire, there are plenty of people who want to move into the area. This means that the higher demand will help you to close a sale.

Even if you don’t have the best house in the area, you can find potential buyers if there’s a high buyer demand. As long as you make your house clean and presentable, you will be able to sell it in a high demand area. 

Buyers, be sure to have a knowledge buyers agent on your side during your transaction! 

The Sellers Market

On the other hand, the sellers market refers to the amount of sellers available to the people that want to make a purchase. If you have more buyers than sellers, you can sell your home for more money. This is known as the law of supply and demand: if the people wanting to buy products out number the products, you can sell them for more money.

Right now, NorthEast Georgia has high demand and not enough houses available on the sellers market. This means that you can sell your home for more money and you could potentially make a profit off of it. Since the sellers market is in a good position, the Election won’t affect your ability to sell your home.

Conclusion

Many people become worried during this time of year because they don’t know how the election will impact their lives. If you live in NorthEast Georgia and you’re worried about selling your home, then you can rest assured that the market will remain strong. With the points mentioned above, your house will sell if you want to put it on the market, we recommend using a knowledgeable Realtor® to get your home sold fast and for full value. 

Contact us to speak with one of our fast acting agents.