Are you thinking about selling your Las Vegas property in 2021? Maybe you’re interested in taking advantage of the low interest rates and getting a bigger home. Or perhaps you’ve been given a new opportunity to pursue but need to sell your house first. While it’s always difficult to know what the future holds, real estate experts are confident that 2021 will be a great time to sell.
Below are three reasons to sell your house for cash in Las Vegas in 2021.
1. Interest rates are expected to remain low.
Currently in Las Vegas, interest rates on a 30-year fixed mortgage are 2.70%. These are historic lows! If you want to take advantage of these interest rates, you better move fast! Not only can these rates increase at any time, but also inventory is limited. Many homes receive multiple bids, so it’s possible that you’ll put offers on several houses before you find “the one.”
What you can do is start shopping around now for houses, and if you find one you like, make an offer. If the sellers accept, you can turn around and sell your home quickly to a cash buyer. The benefit to selling your home for cash is that you’re not responsible for any repairs, cleaning or maintenance!
By the end of 2021, interest rates are predicted to reach 3.4%.
2. It’s a seller’s market – the demand is high.
With so many people looking to take advantage of the current interest rates, there are more buyers than there are houses. This means that you can sell your Las Vegas property fairly easily right now, even if it’s not perfect.
That said, buyers still prefer move-in ready homes and more likely to go for houses that are updated and well-maintained. If yours is not, it could be a tougher sell, and you may be required to put in a lot of work and money to make buyers happy.
Another option is to sell your house for cash. We buy ugly houses in Las Vegas and won’t ask you for a thing! Every purchase is as-is, meaning that we will buy your home in its current condition. And, most of the time, we’re able to close within one week!
3. You have a rental property you want to get rid of.
2020 was a tough year for landlords and tenants. Many renters have been unable to afford their rent payments due to the pandemic, and this has left landlords struggling to pay the mortgage on their own. When your rental property is no longer a source of income, it makes financial sense to sell it.
Fortunately, you can sell your rental to a cash buyer, sometimes with the tenants still living there! However, it’s usually best to wait until the lease expires so that you don’t have to cover any moving costs for the tenants.
Get Your Free Cash Offer Today!
We Buy Any Vegas House buys properties for cash. Contact us today to get your free cash offer. There is no obligation to continue, and you can get a good idea of what you can sell your home for – and close within seven days!