4 Tips for Buying a Home in 2021

buying a home in 2021

Believe it or not, but there has actually been a surge in demand among homebuyers despite the pandemic. This is in part due to the low interest rates on mortgages and the desire for stability from a lot of renters turned first-time homebuyers. Unfortunately, many would-be sellers are less likely to sell during the pandemic due to the desire for stability. As such, there’s a limited supply available and a lot of competition, creating a seller’s market. With that in mind, the following are four tips for buying a home in 2021:

  1. Secure a mortgage pre-approval – Getting a mortgage pre-approval will give you a much clearer idea of what you can afford, thereby ensuring you don’t waste time looking at homes you can’t afford. A pre-approval letter can go a long way towards getting your offer accepted as well, especially if you’re competing against buyers without one.
  2. Calculate your budget and stick to it – Sit down and determine what your budget is. The size of the loan you can secure may not be what you can actually afford to pay, so keep monthly payments in mind. If you get caught in a bidding war with other buyers, do not go over your budget.
  3. Understand all of the costs of homeownership – First-time homebuyers often make the mistake of thinking they can afford a property they actually can’t, simply because they didn’t understand the total costs. Keep in mind things like utility costs, property taxes, and homeowner’s insurance.
  4. Work with a real estate agent – A real estate agent will not only provide helpful advice, but they can also help you find the types of houses you’re looking for and negotiate on your behalf.

Buying a home in 2021 can be challenging due to the limited supply and growing competition. These tips can help you on your homebuying journey. For more professional home buying advice, be sure to contact us at Randy Lindsay today.

3 Home Selling Predictions for 2021

Here are 3 home-selling predictions for 2021 worth taking into account:

home selling predictions
  1. Demand for homes will rise – Due to the unpredictable nature of the pandemic, demand slowed substantially in April 2020. Now that we have a better understanding of COVID-19 and ways to be safe, demand has risen again even though the inventory has remained somewhat low.
  2. House values will continue to rise – Based on current trends, home prices are continuing to rise. Perhaps renters who can afford to be homeowners are taking the plunge now because of the stability homeownership provides when compared to renting. You probably won’t have to worry about the value of your property dropping anytime soon.
  3. Inventory will continue to be low – One thing we can credit the pandemic for is that people have a newfound desire for stability. Fewer people are willing to take risks. And homeowners, for the most part, are staying put unless they absolutely have to move.
    This means fewer homeowners are looking to “trade up,” and that limits the housing inventory. If you do decide to sell, you’ll have much less competition than in previous years.

These are three home selling predictions that we think are likely to be accurate for 2021. If you are planning to sell your home, take these predictions into consideration when you list your property. For more professional home selling advice, be sure to contact us at Randy Lindsay today.

Buying a Home: Asking For Repairs Or Credits

asking for home repairs

One of the most important steps of the home buying process is the professional home inspection. As a buyer, you’ll want to make sure that you’re not purchasing “damaged goods.” A home inspection will reveal any issues that the seller maybe wasn’t aware of (or that only recently occurred). If you’re buying a home and the inspection reveals some issues, then you have three options: you can back out of the deal, you can request repairs, or you can ask for a seller credit.

Asking For Repairs

If there are problems that require repair or replacement (for instance, there’s a leak in the roof), then you can simply ask the seller to take care of it before the purchase goes through. Many sellers are willing to pay for repairs, especially ones that aren’t too costly, to help the sale go through.

Asking for a Seller Credit

Another option is to request a credit. Instead of doing the repairs, the seller would provide a credit that is equal to how much the repair would cost. The credit can go towards the buyer’s closing costs, but it can also be combined with a higher sale price so that it becomes a part of the mortgage. If the buyer receives a credit, then they will be responsible for taking care of the repairs after buying the house.

If your inspection has revealed issues with the house you want to buy, then you’ll want to carefully consider your options. Also, keep in mind that the seller does not have to agree to do repairs or to provide a credit — although, if this is the case, then you’re legally entitled to back out of the sale. For more information about home inspections or about buying a home in general, be sure to contact us at Randy Lindsay.

3 Tips for Home Selling in a Buyer’s Market

home selling

A buyer’s market is when there are lots of properties for sale in the area but only a few buyers. As a result, buyers are less likely to compete against each other. They have more room to negotiate. Selling a home in a buyer’s market can be challenging.

Here are three tips to help you sell a home in a buyer’s market:

1. ‘Fix Up’ Your Home

Invest in all necessary repairs. This includes even the smallest issues, such as loose doorknobs. Buyers can afford to be picky in a buyer’s market, which means you’ll want your house to be in perfect condition when it’s showing.

2. Price Your Home Competitively

If your home is priced too high, you won’t find any interested buyers. They can easily compare your properties with others for sale in your area to learn you’re asking too much. In a buyer’s market, you may even want to list your house slightly below the market value to give yourself a competitive advantage over other sellers.

3. Use a Real Estate Agent

Real estate agents can take advantage of their local network to find motivated buyers. They’ll be able to connect with other agents they’ve worked with before to recommend your property to their clients. Without an agent’s help, your house could get lost in a buyer’s market.

Trying to sell your house in a buyer’s market can be quite a challenge. For more tips on selling a home in a buyer’s a seller’s market, be sure to contact us at Randy Lindsay today.

When Should I Begin House Hunting?

house hunting

Buying a house is a massive decision, especially if you’re a first-time homebuyer and you don’t really know what to expect. Should you just dive in headfirst and go house hunting the moment that you make the decision? Probably not. There are things you may need to do before you should begin looking for homes.

What to do before beginning house hunting

You’re going to want to get things in order before you begin looking for houses. You should also understand that it can take some time to find the right house. With that in mind, consider your present situation. If you’re renting and you’ve just renewed your lease, now may not the best time. Typically speaking, you should wait until there are around five months left on your lease before you even begin the process.

The reason you need so much time is that there’s a lot to do. For example, you’ll want to get a mortgage pre-approval as well as put together a budget so that you have an idea of what you can afford. There’s no point in house hunting if you’re looking at properties that are out of your price range. You’ll also want to do some basic online research on homes in areas you’re interested in. Put together a list of wants and needs.

All of this can take a month or two. Once you have all the information you need, you’ll want to contact a real estate agent to help with the house hunting process. It can take a month or two to find the right house for you. Finally, once you put in an offer, it could take a month to go through.

Buying a house requires a lot of time and effort. As such, you should give yourself a timeline of five months when going house hunting. For more home buying advice, contact us at Randy Lindsay today.


Randy has enjoyed over 27 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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