Why Mid Covid-19 Is The Right Time To Sell
July 9, 2020 8:45 am
The Right Time To Sell Is Now!
Prices are Predicted to Drop
For various reasons, including market history, and the state of the economy and the job market due to Covid, real estate market projections indicate that home prices will drop within the next couple of years. Because of this, it really is an excellent time to sell to get the best price for your home.
Stable Prices and Strong Buyers
Though many sellers have taken their homes off the market causing inventory to decrease, home prices are currently stable. Less inventory means less competition and this, along with current prices, is an equation that will work in your favor.
There are buyers that want and need homes. Even though loan guidelines have become more stringent, these buyers are still going to loan originators to be pre-approved. This means stronger buyers that REALLY want to buy! This is another situation that puts you, as a seller, in an incredibly strong position to sell your home for the best price.
Hurdles
You may be anxious about the process, you may not want people in your home, or you may not want to meet with others to sign paperwork. Rest assured that we at Levine Homes Real Estate have adapted quickly since the Covid outbreak and are prepared with every necessary adjustment and for any additional precautions to ensure your comfort and wellness in the process of selling your home.
Your Safety
Experienced Real Estate Agents that have been around for a while have a name for many reasons. Most importantly because they are smart, determined, and innovative. Not only that, but in smaller, more cohesive communities, like Hermosa Beach and Manhattan Beach, agents tend to take pride and be more sensitive and attentive to specific client needs. We find ways to get things done! Signing paperwork is now being done online when at all possible and any absolutely, necessary meeting with others, if at all, is kept to the bare minimum with all safety precautions in place. In lieu of open houses, homes are now being shown with photos and via virtual tours. Many people will still get to see your home but without all the traffic.
When You Decide to Sell
A buyer will submit and offer with a “Covid Clause”. When you accept, it is subject to inspection and the buyer only enters the home when moving forward with the contract. Again, within strict and agreed upon guidelines using signed disclosures. This process will ensure that your home will be sanitized before and after entry, masks and gloves will be worn, only you or your agent will open doors, closets, and cabinets, and so that no one else will need to touch anything. Buyers will be escorted by your agent to ensure that all rules are followed. Appraisals and inspections are also touch free whenever possible. Every situation is evaluated and can be accommodated for the safety of all involved.
*You do have to disclose to any buyers if anyone in your home has been diagnosed with or exposed to the coronavirus for your agent and buyer’s safety as well.
Get the Best Price for Your Home
You may have hesitated to put your home on the market due to fear or uncertainty. Understandable, but now is a great opportunity to sell. Talk with one of our agents about your safety concerns. Where there is a will there is a way. There is no reason that you should not take advantage of this Mid-Covid time and sell your home for the best price possible before the prices drop.
