Should I sell my house during this pandemic and recession?

should i sell my home now during covid-19

Absolutely Yes. If you need to sell your house then you should sell it and you can sell it. The process might be a little different but the end result will be the same.

Why? Because it will take 1-2 years to get past this to a more normalized market. So there is no use in waiting if you have to sell. Click here to learn about the covid-19 corona virus effects on the real estate market and what is predicted to happen to the real estate market.

What are your neighbors doing? They are preparing to sell

Pros to Selling Your Home During The Covid-19 Pandemic

  • The good news is homes are still selling and there is less competition on the market right now.
  • Additional good news…

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Have you been wondering if you can still buy a home in this Corona Virus | Covid-19 environment?

Well the answer is yes. But you are right to wonder. Things are not the same. And they do keep changing.

Ok. I call my Realtor to see a home. What's Different?

calling your realtor

 Let's face facts. Physically looking at a home can put your health, the Realtor's health and Seller's health at risk. Anyone can be contagious but not showing symptoms.

The Realtor will request verbal or written Confirmation you are not sick and have not traveled recently.

So many seller's are requiring information confirming you are a serious buyer and are not contagious. This can include signing an affidavit stating you are not currently sick and haven't recently traveled. This…

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What is happening in the real estate market right now?

  • The market is still moving with Buyers buying and Homes selling
  • There are less Buyers and Sellers in the market resulting in a net lower sales volume
  • Before the change in the market there were less Sellers than Buyers. This is still the case for now. This has led to prices not being dropped on listings yet, even though there is less Buyer activity.
  • Chief Economist of NAR still forecast a rise in price
  • Don't expect a foreclosure wave due to unemployment with the government's $2 trillion relief package allowed all homeowners with federally backed mortgages to be eligible for up to one year of forbearance (not making a mortgage payment).
  • We expect lending to take longer while the…

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