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What Does Low Inventory Mean To You?

2020 is rapidly coming to an end. This year has been nothing short of crazy! The COVD Pandemic was expected to las a few short months and well, we are still dealing with it. The election was something right out of a crazy movie with lots of twists and turns. The job market has been sent to a new area that most dreamed of but few thought would ever happen. I remember when one could only dream of working from home via video conferencing. Does this remind you of an old 70’s cartoon called “The Jetsons”. And then the housing market came on board and has gone crazy! We have all heard of buyers markets and sellers markets but this one has hit an all time wow factor! What does this mean for 2021? Here is a great article where the experts in the housing market weigh in on their thoughts https://www.keepingcurrentmatters.com/2020/11/17/homes-for-sale-are-rapidly-disappearing/

Did you know Phoenix is the fastest growing market in the United States? Home values are up 11%. This means your home may be worth more money than you think. Will this growth last forever? Probably not. Mortgage rates are at an all time low which means you can get more house for your money. Homes are selling in a matter of days now not months.

The bottom line is, there are plenty of well qualified buyers out there but not many homes for them to choose from. If you have ever thought of selling your home, the time is now! Maybe you want to buy something bigger, downsize, relocate, or get something newer and shinier. Whatever your reason, you may want to act now. The question you may be asking yourself is how? What do I do first? How much can I sell my home for? Do I have to pay capital gains tax on the money I make off my home? Well, that’s what I am here for. You have questions, I have answers! Give me a call and let’s go on this adventure together!

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