Spring and summer are historically the most fruitful times to list a home for sale. But to some people, selling their home amid a pandemic may seem strange or downright risky. This is especially true for sellers who do not necessarily need to move.
As a local real estate expert, I can tell you that homes are absolutely still selling. And counterintuitive as it may seem with the economy and the world, now really is a great time to sell if you’ve been considering it. Here are a few reasons why.
Low Inventory
Currently, inventory is low, and buyers are still out there. With less seller competition, your home will likely sell much quicker than you might think.
Historically Low-Interest Rates
Interest rates are at historically low levels right now, and this is very attractive to potential buyers. This also means that the pool of buyers is more extensive, which is great for sellers. These low-interest rates are also great for sellers who need to purchase a new home because they can take their proceeds and roll them into something else with a low-interest rate.
Demand is Driving Pricing
Supply and demand have long played a role in the real estate market, and it’s no different now. With inventory low and buyer demand increasing, home prices remain stable. There is no way of knowing how long the market will stay like this, though, so take advantage of it while you can.
Using Technology to Market
One of the hangups that some sellers have right now amidst the pandemic is the question of “How will my house be marketed?” But agents and brokers have turned to technology to create aggressive marketing plans that rival even the best in-person ones. From virtual staging and virtual tours to 3D images and more, technology is playing a huge part in our current real estate landscape. Both sellers and buyers are being protected with enhanced safety measures during in-person home showings, but if needed, everything can take place remotely and virtually.
I’m a local real estate professional who has decades of experience in the Pasadena area. I am available to assist you in buying or selling a home, so please contact me if you would like to schedule a time to Zoom and discuss your needs. Please be well and stay healthy and safe.