Are you thinking about moving your family? If you are mulling over this move in 2020, a whole lot of special conditions apply. For one, we are still in the midst of a very nasty Covid-19 pandemic. But this doesn’t mean it can’t be done. Here are 5 of the very best reasons to move your family in 2021.
You Can’t Afford Your Current Mortgage Payment
One of the biggest reasons why a great many people are thinking about moving in 2021 is because they can’t make their house payments. This is not necessarily due to a huge increase in interest rates or the size of the average mortgage payment. These really have not been the case in the last year.
Rather, another trend that is somewhat closer to home has been the case. That is a sharp increase in layoffs and unemployment. While much more acutely felt south of the border, layoffs and unemployment have also been factors for people struggling to make mortgage payments here in Canada. As a result, you may throw in the towel and decide to move.
Home Prices May Be Lower Elsewhere
If you do decide to move to another area, you may be in luck. It is true that the current pandemic has not really caused home values to rise to any appreciable degree. This means that you can very likely find plenty of bargains on properties all across the city of Toronto as well as the greater metro area.
To do this, you will need the aid and counsel of a qualified real estate expert in the city of Toronto. The area is filled to the brim with first-class properties that are ready to sell. With the help of an agent, you can quickly find one to suit your family’s needs.
You Can Find Lower Mortgage Rates
As noted above, the average for mortgage rates and interest payments has not been on any kind of appreciable increase during the Covid-19 era. With that being said, if you can’t find work in one area of the country, you may as well try your luck in another. It may well be that some part of the city has mortgage rates you can easily afford.
Some Areas Have Less Competition
There are bound to be some areas where homes are being advertised at very affordable rates but still not attracting any buyers. You can easily hire the services of a qualified Toronto real estate professional to help you find one of these bonanzas. Thanks to the slow down in the market, they are actually hiding in plain sight.
Your real estate agent can help you close a deal on a home that you may never have been able to afford during brighter days. As a result, the silver lining of the whole pandemic may be that you wound up paying less for a great new home. You may also have locked into a much lower mortgage while moving to a far safer area.
You Need to Find a Safer Location
The final thing to keep in mind is that you need to find a safer location. You may be living in an area where people aren’t taking the Covid-19 safety precautions as seriously as they should. If this is the case, you and your family are most certainly being placed at an unnecessarily high level of risk.
This is not an outrage that you need to stand for. If you don’t feel that others in your neighborhood have your health and safety, much less their own, in mind, you can and should take action. It’s a good idea to talk to a Toronto real estate agent today to get started on a potentially life-saving move.
It’s Time to Plan for a Safe Move
If you are ready to make your move in 2021, you will need to do it safely. This means making sure that you have a viable new home to move to. It also means your next home will have a much more manageable mortgage payment. Following these handy tips should put you on the map toward moving a true step up in the world.