We all know it’s a seller’s market. Buyers outnumber sellers. There aren’t enough homes available to buy to meet that growing need. Now is the time to sell your home so you can close the deal on YOUR terms.
In today’s strong sellers’ market, some homeowners are choosing not to sell due to ongoing concerns around the health crisis, financial uncertainty, and life uneasiness. According to Zillow, the top three reasons homeowners are not putting their houses on the market right now are because:
- 34% – Life is uncertain right now
- 31% – Financial uncertainty
- 25% – COVID-19
If you identify with any of these, you’re not alone. Whether it’s the future of your employment situation or simply being uncomfortable having guests in your home for showings, life feels a lot different than it did last year. The good news is, real estate agents know how to sell homes safely, and it’s paying off for those who are choosing to move this year.
Real Estate Agents use Technology for Virtual Showings
While abiding by state and local regulations, real estate agents are making sales happen safely and effectively by leveraging technology to sell your home virtually. Agents know exactly what today’s buyers and sellers need and are using more technology to help buyers find the perfect home. A few of the digital platforms include:
- 3-D Virtual tours
- Accurate and detailed listing information
- Detailed neighborhood information
- High-quality listing photos
- Agent-led video chats
- Live events on social media
Real estate agents are listening to their audience and using tools that help buyers look virtually inside a home without physically stepping inside. This helps reduce the number of people entering a home, so only those who are very interested will request an in-person showing.
Real Estate Agents Implemented Safe and Effective In-Person Showings
If there are buyers who want to see a house in person, real estate agents are following guidelines set by the National Association of Realtors (NAR) and utilizing safe ways to proceed. These guidelines include, but is not limited to:
- Limiting in-person activity
- Requiring guests to wash their hands or use an alcohol-based sanitizer
- Removing shoes or covering them with booties
- Following CDC guidance on social distancing and wearing face coverings
Jeff Tucker, Senior Economist for Zillow stated, “Homeowners who feel life is uncertain right now may think they can still get a strong price if they delay selling until they have more clarity. The catch is that waiting to sell may raise the cost of a trade-up. This fall’s record-low mortgage rates, which make a trade-up more affordable on a monthly basis, are not guaranteed to last.”
Virtual strategies for sellers may be an ideal option. Opening your doors to new ideas could be game-changing when it comes to selling your home. The market is leaning in your favor. Contact a trusted real estate professional at Wenzel Select Properties to help you safely and effectively make your next move.
Wenzel Select Properties is a leading Downers Grove real estate company with a proven track record. We are located at 4941 Main Street in Downers Grove, Illinois, in the Western Suburbs of Chicago. You can contact us by phone at 630.430.4790 or by email.