5 Good Reasons to Sell Now

5 Reasons to Sell Your Home Now

Have you been thinking about selling your home but are undecided because you’re not sure if this is a good time? COVID-19 has certainly changed the real estate landscape for all of us but it may be a good time to sell for some.

Here are 5 considerations:

1. There is currently a shortage of homes for sale so there is less competition from other sellers
2. There is pent up demand
3. Interest rates are low and this is attractive for buyers
4. Well priced homes are selling quickly and often attract multiple offers
5. Prices are remaining steady despite the pandemic

There has also been an uptick of interest in this area for rural and countryside listings, particularly from city-dwellers looking for more space or a recreational property, and more individuals can work from home and can therefore live wherever they like.

Precautions Due to COVID-19

You may be wondering if it’s safe to sell at this time and perhaps you’re hesitant to have people going through your home. Therefore you’ll be glad to know that there are many ways to make it safer and to reduce your exposure if you decide to list your home.

Expect to see an increased reliance on technology such as videos and virtual tours. Open houses can be done online and video walk-throughs can be done in place of a traditional showing. More serious potential buyers will follow with a visit to the property in person.

In addition to having the option for less traffic through your home, there are COVID-related guidelines that sellers, buyers and real estate professionals are now adhering to. For example, real estate professionals normally ask buyers to sign a declaration confirming that they’re healthy and haven’t been in contact with someone with COVID-19 ahead of any in-person visits. Very specific protocols and precautions have also been created to ensure the health and safety of both clients and Realtors themselves. This usually entails wearing face masks and gloves, using sanitizing wipes and giving buyers directions to avoid handling or touching anything in the home, including light switches and door handles. It is also possible to set up virtual signings of legal documents such as agreements of purchase and sale.

With these additional precautions and guidelines in place, the real estate industry is seeing more “serious” buyers and sellers in the market right now.