Offered by: Scott & Lora Nordby – Berkshire Hathaway HomeServices
It’s amazing to think what has happened in the world in such a relatively short amount of time. Globally, we were talking about Coronavirus for weeks. But locally, it seemed to take hold quite suddenly. Within a matter of days, we went from going about our daily routine, to being at home, sheltered in place, or struggling with the health and economic impact the virus is having on our families and businesses.
With the rapid-fire changes have also come the questions about real estate. Should I buy? Is it safe to go look at houses? Should I sell my home? Am I risking contamination if I allow people into my home? Is the market going to crash? Are we headed for a recession?
Here’s the truth: none of us have a crystal ball. None of us have been through this before. Everything we suggest is based on experience with the ups and downs of the economy and the experience within the housing market, itself. Even experts within the industry have a fair amount of disagreement between them. That said, we have some reasonable recommendations that we believe are good, common-sense ideas.
Nothing Substitutes for Good Communication
Your REALTOR® is on the front lines and ready to answer every question you have. Your real estate goals factor heavily into any recommendation to buy, sell, or wait. There are dozens of questions floating around social media about what to do. There are just as many answers. The truth is that your REALTOR® will know your goals, your neighborhood, and can make suggestions that suit your family best during this time. Be sure to keep lines of communication open.
First Impressions Matter
If people are buying a home, the only chance to make an impression may come through your flyer, online photos, and virtual tour. Quality photography, professionally designed flyers, and easy to access virtual tours can help you stand out in the crowd.
If you and your family make the decision to wait, there are still things you can do to be prepared to list. Declutter your home. Toss, donate, or sell what you don’t need. This will make staging and moving a whole lot easier for everyone. Take the time to deep clean. Once we move past the restrictions for social distancing, people will begin visiting open houses and touring homes for sale. Your work in this area will pay off in the long run.
If you find yourself overwhelmed and need help making a decision, there’s never been a better time to talk with a REALTOR®. If you don’t have one, or just have questions, please call 303-905-8850. We’ll make sure you talk with someone who is knowledgeable about real estate and your local market.