Do you want content like this delivered to your inbox?
Share
Share

How Has COVID-19 Changed the Real Estate Market?

Rachel Holder

When buying or selling a home, you can hire countless agents to assist you through this process...

When buying or selling a home, you can hire countless agents to assist you through this process...

Aug 13 2 minutes read

How Has COVID-19 Changed the Real Estate Market?

This year has been unlike any other and it's shown in the real estate market, too. When COVID first hit, as with everything else, the market almost completely shut down. 

But what we're seeing now is that the spring market wasn't canceled, it simply shifted to later in the year. Here's why I think these unprecedented times have actually created unique opportunities for buyers and sellers.

1. Selling in a down market … means you can buy in a down market.

If you list now, you can buy so much more with the proceeds you'll get. Think of the home — and that backyard oasis or home office — you can now buy at a discount.

2. Active buyers are more serious than ever before.

People have spent the last 5 months realizing the inadequacies of their home. The buyers who are looking right now, in the middle of Covid-19, are very motivated to get a transaction done.

3. Price so that the market chases you up, not down.

If you don’t price correctly, chances are buyers will not bid — and they may not even view.

4. We don’t know what the future holds.

Don’t take this buyer demand for granted. This unprecedented year is far from over — the election and ongoing pandemic could freeze real estate activity again, making it harder to sell afterwards. And if your home may require some home improvement services to shine, it’s time to take advantage of this moment when we know that contractors are still allowed inside your home.

As always, I am here to help. If you have questions about what the current market means for you right now, give me a call and I'll be happy to talk it through with you!

I'm Here to Help

If you’re concerned about potential issues unique to your home or market, I'm here to listen and help walk you through the process.

Let's Talk
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info