4 Reasons Why You Should Buy a House this 2021

2020 has been a very terrible and stressful year for all of us. The pandemic sabotaged just about everything we’ve planned for: education, vacation, house investment, and employment, to name a few.
For home seekers, especially newly-wed couples and site-relocated workers, their excitement has all been drowned in frustration and disappointment. Many homebuyers have to put their homebuying plans on hold. The pandemic surely instilled in us the fear of loose security and financial instability.
Now, every home seeker is wondering: is it already safe to buy a house in 2021? Are January and February good months to start processing your house investment?
The answer to both questions is YES! Here are the 4 reasons why you should buy a house in Cebu this 2021.

1. Expected Economic Boom in Cebu

Despite having the worst reputation in handling COVID-19, banks and real estate companies believe that Cebu will be one of the first to rebound in terms of economic recovery and growth. Why is this important?
Economic growth guarantees better job and business opportunities. This is the best time for you to choose a location where you wish to build your career or business. The closer you are to the opportunities, the easier it is to catch them!

2. Great Promos and Huge Discounts

A lot of real estate owners and sellers stand their ground when it comes to pricing. But why argue? There are always a bunch of impatient sellers, whether they are very busy or are chasing time. Since the pandemic, rush selling has been very rampant. And it is expected to continue until the third quarter of 2021. It’s a great time for homebuyers to take advantage of the huge discounts, incentives, appliances upgrades, and even minor house modifications.

3. Super-Low Mortgage Rates

One of the most wonderful benefits that home seekers should take advantage of is the super-low mortgage rates. A little cut from your monthly installment might seem irrelevant but you’ll be surprised at how much you will save in the entire life of your mortgage loan.

4. Less Competition

Many people are still reluctant to invest their money in a house. This gives you a variety of choices. PLUS, this is the best time to boost your confidence in negotiating for the price since the seller is pinned down due to the scarcity of buyers.
If you think competition is only evident at the seller’s side, think again. When there is a pool of buyers around the market, the sellers are harder to negotiate with because they know there are many potential buyers who would go beyond their offer when desperation comes.

CONCLUSION

If you seek a permanent settlement, investing, or buying a house this 2021 is a good choice so you can have bigger savings. Those who seek a buy-and-sell property can also capitalize on it. Is January a good start? Of course, why not? Investing too early is never a bad idea when it comes to a house. The earlier you invest, the bigger you can expect for the return of your investment.
Need some help looking for property to buy in Cebu? Feel free to drop us a message right here, https://www.irlanozoproperties.com/contact-us/