A lot of business sectors in the United States have come to a grinding halt after coronavirus made its way into the country. From what’s being reported as of late, this pandemic is far from over. This stirs the question of whether you will be able to sell a home in the midst of a very chaotic year. Your local real estate agent will have to work harder to get your home listed and sold. Here are some questions about selling a home in this pandemic and their corresponding answers.
Can I sell a home even in this time of crisis?
The short answer is, yes. However, be prepared to face lots of hurdles along the way. Your conventional means of selling a home won’t work now that the playing field has been turned upside down. Despite the problematic situation, we are in at the moment, you may still be able to sell your home. With the help of a Myrtle Beach real estate agent and with the use of the right tactics, you can still get a good value for your property.
Is it safe to sell your home in this outbreak?
Assuming that you are following the safety guidelines set in place by health authorities, you should have some peace of mind knowing that you will be safe. On the other hand, the conventional means of selling a home will no longer work and will put you and the seller at risk of infection. If you want to sell a home during this period, you should be more innovative with your approach.
Is the housing market still alive?
Yes, the housing market is very much alive. Regardless if there’s coronavirus or not, the housing market remains alive. Just like food and other essentials, people need homes and that’s what drives the wheels of the housing market to keep turning. According to real estate analysts, homes are selling despite the current crisis. This simply shows how resilient people are even under this immense challenge.
Is it a wise decision to sell during a recession?
This pandemic and recession are intertwined and won’t be going separate ways anytime soon. Experts warn sellers to remain cautious. Always keep an open mind to the possibilities of the economy going deeper into recession. If the odds are in your favor, you may proceed with selling. However, always proceed with caution. Lending firms have been tightening requirements which makes it harder for everyone to buy or sell a home.
Will there be less competition?
Yes, there will be fewer sellers as most of them would be wary of putting their property in the current market. However, that should not stop you from selling. Focusing on the things you can control will help out a lot. It’s also quite helpful to seek the services of Full Potential Real Estate to make selling your property a little less problematic.
Am I going to settle for a lower selling price?
Despite the pandemic, you should not expect to sell for less. According to experts, there are fewer buyers but there are also fewer sellers. This means the scale is evened out thus there is no need to sell for less at this point.
Should I still stage my house?
This current market is quite unique given the situation we are in. Staging a home has never been more important since you can’t expect to see a lot of people for a walk-in visit. Almost every transaction nowadays has turned digital which means staging your home is a necessary step towards selling.
Unsure whether you should sell your home or not? Contact Full Potential Real Estate today to get the help you need! You may contact us at (843) 492-4537.
Full Potential Real Estate, LLC
Myrtle Beach, SC 29577