Thinking of Selling?
September 3, 2020 Source: Compass
In such an unusual year, many of you are still trying to figure out if now is the right time to make a move.
I’d like to share with you a couple of the sentiments that I’ve been hearing amongst my agent network for sellers who are waiting to list:
1. Selling in a down market means you can buy in a down market. If you list now, you might sell a bit lower but you can buy so much more with it. Think of the home — and that balcony 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 and take advantage of the historically low mortgage rates.
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 afterward. 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 the home.
As always, if you'd like a more tailored look at how the market is playing out in your neighborhood, just let me know.