Spring is typically the best time of year to sell your home. While there's no denying the recent COVID-19 pandemic has created challenges, there are still many upsides to putting your house on the market.
While home prices haven't dropped yet, there's no telling what will happen in the future. If the economic conditions worsen, so could home values.
"If you think, or know, you want to sell your house, you may want to list it now while prices are still stable," Kazantzis Real Estate Owner and Agent Andrea Kazantzis. "Why wait and risk the market taking a big plunge?"
In addition, fewer people are listing homes. According to realtor.com®’s March Housing Trends Report, there were 15.7% fewer homes for sale this March compared with a year ago. That number is expected to go down. Which means you, as a seller, will have less competition. That combined with lower interest rates, you may find some eager buyers.
If you are on a timeline to sell, the earlier you start the better. The entire process - from financing to home inspections and appraisals - is taking quite a bit longer during the COVID-19 era. You'll want to plan accordingly.
There are also logistical benefits to selling your house now.
"With many schools following virtual learning, it makes moving a family easier to schedule," said Kazantzis Real Estate Agent Debra Prevost. "Parents don't have to wait for the school year to end to prepare for moving."
If you're worried about selling your house during social distancing, Kazantzis Real Estate is taking several precautions to ensure the safety of our buyers, sellers, and agents, including virtual tours and video conferences. Our agents will walk you through the entire process.