Is it a Good Time to Sell your Home? Experts Weigh In.

Is it a Good Time to Sell your Home? Experts Weigh In.

Selling a home at this moment is a pressing concern for many homeowners, especially those concerned about the state of the real estate market. The good news is that many real estate experts have a positive outlook on the real estate market. They agree that homeowners looking to sell are in a good place to list their homes.

When thinking of selling your home, it’s vital to take in all factors before making a decision. For those concerned about the current coronavirus pandemic, selling your home is still possible.

Michelle Sloan, a broker and Realtor with Re/Max says, “Now is a great time to sell. With low inventory and high buyer interest, many homes are selling very quickly—within days or hours in some cases. Interest rates are also low, and there’s serious pent-up demand for homes, especially in lower price ranges.”

Worried about safety? Make sure to check in with your listing agent to see what their safety protocols are. Many agents have adjusted their home showing procedures to allow for safely showing homes to prospective sellers.

Here are some steps you can take to sell safely:

  • Ask your agent to prepare a virtual home tour of your property
  • Do not hold an open house on your listing
  • Make sure all buyers are pre-approved before seeing your home
  • Provide hand sanitizer and make soap available throughout the home
  • Discourage buyers from touching light switches or doorknobs

Better yet, many areas are selling homes quickly! Many agents have pointed out that their markets are low on inventory, and houses are being snapped up as soon as they hit the market.

“Houses are definitely selling now,” says Nadia Anac, a Realtor with Reagan Realty. “In my market, I’ve even been in multiple-offer situations.”

Those concerned about rising unemployment has left a lot of people concerned about whether there are even buyers on the market. And yes, while the buyer pool has become smaller, it hasn’t completely dried up. Additionally, this is a good thing for sellers. Lenders have become more strict with their requirements, and the buyers on the market are more than qualified and prepared to purchase. This also means you will only receive quality offers.

Prices have been predicted to continue rising during this pandemic, and albeit a little more slowly.

“There are less buyers, but there are also a lot less homes on the market,” says Parnes. “The old rule of supply and demand still holds.”

So overall, those looking to sell this season can expect to see plenty of buyers on the market and a fair sales price!

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