You might have planned to list your home this past winter or early spring only to be sidelined by COVID-19 which brought the country to a halt. While we’re starting to come out from under the Stay-at-Home orders, it’s apparent that we’re living under a temporary “new normal” for an unforeseen time. So, when we speak with potential homebuyers, their main question is … “is now the right time to list our home and move?”
We say yes! Although segments of the economy are still struggling, we have identified signs from realtors, builders, buyers and sellers that the housing market continues to stay relatively strong. Interest in selling and buying homes continues to grow daily. And even though home sales declined a bit due to economic disruptions and social distancing/stay-at-home orders, home prices have stayed strong and people are still buying.
We’ve seen a great deal of interest in our Walker Villas homes and have had positive conversations with potential buyers. Current mortgage rates are low and continue to show that they will remain low for the foreseeable future. ). Lower than ever mortgage rates mean that buyers looking to purchase your home will be more motivated. These rates also work to your advantage in purchasing a new home!
Most buyers that kept their homes on the market during the pandemic did not lower prices, so the market, while a bit slow, is still robust. According to a study from Realtor.com in May, there were still more homes for sale than there were buyers. But it was only taking an average of 52 days for homes to sell and homes were going above asking price in some instances. As Marysville continues to reopen after COVID, more buyers will reengage and purchase homes.
In addition, a recent report from Realtor.com predicts sales will rebound this summer and possibly flatten out again later in the fall. It is expected to ebb and flow, so assessing how your community is faring in the housing market could play a part in your decision when to list your home.
Another reason to list your home revolves around the mindset of current buyers. Most people have been at home for several months and some now realize that their home just isn’t working for them. If you fall into this category and are ready to move on to something different, could your home be the right fit for someone else?
Reasons why a home may no longer work for its owner:
We understand you may be uncomfortable selling your current home and buying a new one right now. Although from what we have read and the conversations we have had with our clients, realtors and community experts, we believe home selling and buying has pivoted and adapted to these challenging times.
Of utmost importance is to work with a realtor you know and trust. Reach out to your friends for recommendations. Complete your due diligence and research how they are showing and selling homes while maintaining safety protocols such as the following.
Just like in building our homes, the details really matter. At Walker Villas, our realtors are prepared to ensure your safety. They are sanitizing all surfaces, maintaining social distancing, wearing masks and offering masks to all visitors if needed and providing hand sanitizing stations.
If you have been thinking about selling and buying, this summer could be a great time to research where you would like to live next and list your home. Consider Walker Villas where we are building luxury ranch-style condos featuring single floor living, no exterior maintenance, friendly neighbors, the best community, and carefree living. Only a few remaining lots are available, so why wait? Buy a new, right sized home here.
