Once drawn to cities in droves, stay at home orders are driving Americans to look toward their own homes as a space to work/live/play, resulting in a lifestyle that requires more room than most urban properties can provide.
Every day, people need to buy and sell homes. For some, that need doesn’t stop just because there’s a pandemic going on. If you’ve had a major life change recently, whether as a result of your job or your family situation, you may be in a position where you need to sell your home – and fast. If you feel like timing isn’t on your side, rest assured, making a move is still possible. With technology at your side, and fewer sellers on the market in most areas, you can list your house safely and effectively, especially if you follow the COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).
You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Buyers have those needs too, so rest assured that someone is likely looking for a home just like yours.
According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current homebuyer interest. That said, 10% of agents said in the same survey that they saw no change or even an increase in buyer activity. So, while buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.
Here’s the other thing – people are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country. Buyers are actively looking at homes for sale online. Some of them are reaching out to real estate professionals for virtual tours and getting ready to make offers too. Homes are being sold in many markets.
There Is Less Competition Right Now
The same survey indicates that 56% of NAR members said sellers are removing their homes from the market right now. This can definitely work in your favor. If other sellers are removing their listings, your home has a better chance of rising to the top of a buyer’s search list and being seen. Keep in mind, listings will pick up again soon, as 57% of the respondents note that sellers are only planning to delay the process by a couple of months. If you need to sell right now, don’t wait for the competition to get back into the market again.
This year, delayed listings from the typically busy spring season will push into the summer months, so more competition will be coming to the market as the pandemic passes. Getting ahead of that wave now might be your biggest opportunity.
Your Trusted Real Estate Advisor Can Help
Real estate agents are working hard every single day under untraditional circumstances, utilizing technology to help both buyers and sellers who need to continue with their plans. We’re using virtual tours to show homes currently on the market, staying connected with the buyers and sellers through video chats, and leveraging resources to complete transactions electronically. We’re making sure the families we support remain safe and can keep their real estate needs on track, especially as life is changing so rapidly.
Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status in our local market, let’s work together to create a safe and effective plan that works for you and your family.
So if you’re ready to sell your home, give me a call. I can guide you through the process of preparing your home for a successful sale, help you negotiate the best deal, and move your transaction through the closing process with as little muss and fuss as possible.
The plants we grow in our gardens can influence our moods and emotions, as well as affect how much we enjoy our yards.
Spending time outdoors is the best way to put a smile on your face and enjoy the beautiful area we live in. Whether you’re growing plants from seedlings or purchasing them at the store, the task of planting them in the soil allows us to connect with nature in a more intimate way.Continue reading “Plant Colors Can Determine How Your Garden Makes You Feel”
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.Continue reading “Thinking of Selling? Now May Be the Time.”
I’m not sure about you, but I’m feeling a bit of Spring Fever (even though it’s only the middle of March).
I was wandering through my new yard the other day when I happened across an old bistro set that had seen better days. It was originally green, but had become rusty and stained. I had some leftover spray paint on hand, so I decided to try my hand at refurbishing the set.Continue reading “Spring Fever!”
If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!Continue reading “Should I Sell My House This Year?”
Mine is purple! It’s one of those colors that looks great with anything. It’s a fun and versatile color, and a perfect partner to the others around the garden.
Here are a few ideas to brighten up YOUR garden:Continue reading “What’s Your Favorite Garden Color?”
The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years.Continue reading “Housing Inventory Vanishing: What’s the Impact on You?”
Blooming tulips are the perfect way to brighten up your patio and garden. They require a cold period that we don’t have on the Central Coast of California, which means it’s up to us to chill them in the refrigerator. It’s recommended that most flower bulbs be chilled for 10-12 weeks at 38-45 degrees prior to planting—just make sure no one mistakes them for shallots and tries to cook them. : )Continue reading “Planting Tulips and Other Flowering Bulbs”