With restaurants and most activities closed, many businesses shuttered or the employees sent to work at home, and governors’ stay-at-home orders, you may have a lot of extra time on your hands. Many people are taking stock of their own personal situations during this crisis.
Now is a good time to consider whether you need a new home, or perhaps it’s time to downsize from the ol’ family homestead. The real estate market was very strong heading into the COVID-19 pandemic and there is good reason to believe it will regain its strength when the crisis passes. It isn’t dormant, however. Real estate transactions can, and do, still take place today.
Question: How do I sell a home during this coronavirus environment?
Answer: In good times and bad, there are few things more important to us than the place we call home. In uncertain times deciding to buy or sell a home can create increased angst and pressure on the individual that can influence the local real estate market. People who are being transferred in or out of the area may feel the greatest anxiety.
The limited inventory of houses available will, most likely, become even more limited as owners “hunker down and self-quarantine.” Expect fewer in-person viewings as buyers and their agents follow CDC guidelines for physical interactions, but prepare for increased demand of virtual showings with enhanced video and 3-D floorplans.
However, while these are extraordinary times, many practices can remain the same with a bit of tweaking. Sellers who are anxious about selling during this coronavirus challenge may find a bit of solace and opportunity in The Shannon Group’s Home Seller’s 11 Helpful Hints for success in today’s complex and jittery residential markets.