What Should You Do In This Current Market?
Regardless of the market or circumstances, there are still people who need to buy or sell homes. That hasn’t changed during the current pandemic.
If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible.
With technology on your side and fewer sellers on the market in most areas, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).
You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Buyers have those needs too, so rest assured that someone is likely looking for a home just like yours.
According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current homebuyer interest. That said, 10% of agents said in the same survey that they saw no change or even an increase in buyer activity. So, while buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.
In Long Beach, we are continuing to see homes come on the market, buyers continuing to make offers, and homes are still selling. Some neighborhoods are more in-demand than others and some price points are selling more quickly.
We’re providing regular updates on the Long Beach housing market on our YouTube channel. Here’s the latest one – be sure to subscribe if you’d like to stay updated:
Here’s the other thing – people are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country. Buyers are actively looking at homes for sale online. Some of them are reaching out to real estate professionals for virtual tours and getting ready to make offers too. Homes are being sold in many markets.
Our team is using technology to make the process as easy as possible for our clients, conducting virtual consultations, virtual showings, and providing 3D tours, videos, and photos along with virtual open houses for each of our listings.
Find out more about our VIRTUAL REAL ESTATE SERVICES by clicking HERE.
The first step is for us to schedule a virtual meeting to discuss your needs, goals, and timing. Whether you’re planning to move now or later this year, this is the perfect time to begin the planning process.