The ongoing pandemic and economic uncertainty surrounding it have made many people hit pause on big plans.
Should you move forward, or wait?
What if your home is already listed?
We spoke to real estate agents from all over the country about selling a home during COVID-19.
Here are four major takeaways.
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This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you might easily return later.
Well keep it updated as offers changes or expire.
Recalibrate expectations on price?
Just be prepared, because you may be advised to sell for less than you thought.
More market days doesnt necessarily mean theres something wrong with your listing.
Everyone will understand and buyers wont use it against you.
Its also important to understand how your overall price bracket is performing.
Anything under say $230,000, and our sellers can expect multiple offers on the first day.
One reason for the disparity: Buyers are havinga harder time getting approvedfor those jumbo mortgages.
Expect a Very Virtual Sale
Another thing to expect if you decide to list?
The selling process has changed significantly, said Wells.
We normally all sit at the same table when closing, she said.
If youve never closed on a house via Zoom, not to worry.
Just be sure to work with a real estate agent who has.
That includes things like video, as well as 3D marketing tools and strong photography skills.
The experts actually suggest keeping it listed.
If you already have your house listed on the market, ride it out, said Abta.
In other words, at some point the market will recover.
You might even consider finally taking on all those fixer-upper projects that willmake your home more attractive to buyers.
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