“Should I sell my home now – during the shelter-in-place? How?” I’m hearing this question a lot. If you’ve been thinking about this, there are many good reasons to do just that:
“The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy. With the current quarantine recommendations in place, fewer sellers are listing homes, which will limit buyer choices.”
- Lawrence Yun, Chief Economist at the National Association of Realtors (NAR)
The pre-Covid-19 inventory shortage, which spread widely throughout the housing market going into this economic slowdown, created an environment where there were not enough homes for sale for those who wanted to buy them.
With buyer choices already limited, and with many sellers removing listings, if you’ve been thinking about selling your home, it may be a great time to list your home. Staying on the market, or getting into it now, could work to your advantage.
At this time, buyers are serious – and with prices holding steady, you can feel confident about selling. I have strategies in place to make much of the process virtual, and all of the process using safety protocols, all putting you at the top of interested buyers’ lists. Click here on more information about my strategy.
Sellers are not lowering prices – and inventory is sparse
With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers.
So, with buyer choices already limited going into this season, and more sellers removing listings today, if you’ve been thinking about listing your house, it’s a great time to do so. Many others in your neighborhood may be waiting to make a move or removing their listings, so staying on the market – or jumping into it – could work to your advantage.
Buyers today are serious ones, and with prices holding steady in this low-inventory market, you can feel confident about selling today. Embracing the process virtually, where available, could help your house hit the top of an eager buyer’s list. While your neighbors miss out on this opportunistic time, you don’t have to.
It may be a great time to sell your home
I am getting a lot of feedback from buyers itching to move. If buyer choices are limited in your neighborhood, selling now may help your listing rise to the top of the pool. Let’s connect so you have a trusted real estate professional to help you safely and effectively navigate through all that’s new when it comes to making your next move. Call me at 925-699-0031, or email me at firstname.lastname@example.org. I am always happy to answer any and all questions you may have.
See the difference a committed, full-service approach to real estate makes.
Copyright 2020 – Tom Nevin – Walnut Creek Real Estate Specialist, including Lafayette, Alamo and Rossmoor condos & homes