Did you know the existing homes were selling on average for more than 23.6% in May 2021, according to the National Association of Realtors? This means that despite worries that the housing market is slowing down, it's actually blowing up. This is especially true for the second half of 2021.
That's why you need to take advantage of this upward trend and consider selling your home during a pandemic, despite all the naysayers. Keep reading for 5 tips that will help boost your home sale.
1. Use Professional Photos in Your Listing
As always, you need to stand out by using professional photos in your listing. But since the competition is even stiffer during COVID times, you need to really make sure that your listing stands out. People are desperately searching for their next home and they are willing to travel all over for it.
But they won't know if your home meets their standards if you don't display it appropriately. Take your time setting up your home to be as homey as possible and then take pictures with good quality lighting and at the right angles. You don't want to miss out on selling your home for higher than it could, because your listing pictures were terrible.
2. Skip the Home Renovations and Improvements
Usually, you would want to spend a few thousand dollars renovating and improving your home before selling it. But in today's hot post-pandemic market, you don't really need to do that. In fact, since homes are selling so quickly, people are more likely to put their homes on the market as-is.
This is highly beneficial for you as you keep more money in your pocket either for your next home or for your retirement home in Mexico (or wherever you wish to go next). It's also great because a lot of people are in the market for fixer-uppers which means they want a deal on the house so they can fix it up themselves and then sell it for a profit.
3. Expect Your Home to Sell Quickly
In 'normal' markets (if there is such a thing), houses take an average of 45 days to sell (from start to close). But in a seller's market, which is where we are at right now, where buyers' demand is high and sellers are few, houses can sell in 24 days (on average). That's why it's such a great time for you to consider selling your home.
As long as you are prepared to sell and move out of your house in a matter of days, you are good to go. It's only terrible if it surprises you and results in unfinished business.
4. Don't Forget About Your Replacement Home
This is actually what a lot of sellers are struggling with, in the COVID real estate market. This is because even though it's easy to sell a house in this market, it's hard to find a replacement home after. That's why you need to ensure you have a plan in place before you put your current house on the market.
It could be as simple as having a vacation home or cottage where you can live after. Or having a timeshare in Mexico or the Bahamas where you can lounge around enjoying the spoils of your home sale. Whatever you decide to do after selling your home, make sure you account for the fact that your house could be sold in a matter of days (rather than weeks or months).
You don't want to be homeless and without a plan in such a volatile and fluid market.
5. Use an Experienced Real Estate Agent
This goes without saying - when selling a home during COVID-19, you need an arsenal of tools on your side, one of which will be a great real estate agent. Since things move so fast in pandemic times (with everything, not just real estate), you want a reliable and experienced real estate agent that is highly responsive. Don't get stuck with agents that never call you back! Ack!
In addition, a good real estate agent will be able to guide you through this chaotic time and get you the best price for your home so you don't have to spend time worrying if you got a good deal or not. Or, if you made the right decision to sell or not. They will be your anchor in this time where everything seems like it's going to hell in a handbasket.
They will also be able to ensure that you have a plan for afterward, and this way you are not cluelessly going into the home sale process.
Working with high-level real estate agents like Team Steele San Diego Homes is a unique experience as you will be coddled through the whole selling process in a way that will make you wonder why you chose any other real estate agent before.
Selling Your Home in Pandemic Times Is a Great Idea
Despite what all the doomsayers around you might be saying, selling your home during COVID-19 is actually a great idea. This is especially true if you have the backing of a great real estate agent.
Don't forget to use each of the tips listed above to your advantage and sell your home for the best price you could get. It's a seller's market right now - take advantage of it!
If you live in San Diego, you need to check out the knowledgeable services of Team Steele today! No matter if you are looking to buy, sell, or relocate to San Diego, they are here to help. They know what it's like to have a terrible real estate agent (they had one lie to them when they were 22 and naive). So they want to make sure your experience with them is absolutely outstanding!