• Leverage High Market Demand & Maximize Profits on Your Home Sale •
Even though Covid has damaged many sectors of the global economy, home sales have remained among the pandemic’s most resilient survivors. And as restrictions continue to ease across the nation, residential sales figures continue their upward march.
While there’s no question about buyer demand, does that necessarily make it the right time to sell? In short, the answer is yes. Below, you’ll find a few reasons as to why it may be a good idea to list your home.
Your home is an investment. As with all investments, your aim should be to buy low and sell high. While home prices may continue to appreciate post-pandemic, selling now may allow you to net profits that many economists weren’t able to predict.
For many homeowners, this is a chance to meet their changing lifestyle needs and financial goals — whether it be reinvesting in other asset classes, setting funds aside for retirement, or simply using the profits to upgrade to a more suitable home. Selling during the pandemic allows you to take advantage of a relatively unique selling environment, one driven by high demand and low inventory.
Take Advantage of High Demand
You may remember the frenzy over Tickle Me Elmo. People were paying several hundred dollars — or even more — for a diminutive giggling monster. Why? There was a perception that the supply of Tickle Me Elmos wasn’t high enough to meet the demand. A similar phenomenon is happening during COVID, except the numbers are undoubtedly real.
Because many people are hesitant to list their homes for sale, the supply of homes on the market is lower than normal. As is the case with furry red toys, the low supply of a desirable product inevitably equals higher demand. To take advantage of this trend, it may be ideal to sell your home before COVID passes.
Leverage Unique Timing
There are several reasons why people are hesitant to list their homes during a global pandemic. For some, it’s the fear of giving up their current home and securing a new one in a low inventory environment. For others, government-imposed foreclosure bans are creating more breathing room — allowing them to refrain from having to quickly sell their property when past due on a mortgage. Leveraging this unique, low inventory period where other sellers are holding off may help you get top dollar for your property.
If you have considered moving but hesitated due to the overwhelm of timing two real estate transactions, you’re not alone. That’s why we have created our unique Trade-In solution which may help you bridge the gap between homes in a stress-free, timely, and affordable way.
Reach out today to learn more about your options.
Selling in the near future certainly has its benefits. You can take advantage of record-high prices and reinvest your profits in a new home or other asset class. While other sellers gain confidence to list over the next year, it’s an opportune time to sell your home now for top dollar without much competition.
The Bottom Line
About The Author
Portia Green is a highly experienced full-time REALTOR® specializing in the representation of Sellers, heralded by her clients as data-driven and an effective negotiator. Producing $25M total in residential sales volume, Portia's goal is to help her clients achieve the best results when selling their homes and to make their experience an enjoyable one. She has successfully sold real estate since 2008 and has gained an in-depth knowledge of local real estate markets & seasonal trends. Portia has achieved a 100% customer satisfaction rating and wants to share her expertise & personal service with you in the sale of your home. When listing your home with Portia Green and Compass, you'll receive the hands-on service you need and desire. Portia will help you manage the entire process of selling your home from pricing, preparing and staging the house, to marketing, negotiating offers, inspections, all the way to closing. She will recommend skilled vendors for any job needed, personally host Open Houses, and ensure that all showings are accompanied. At Compass, Portia offers a wise no-nonsense way to sell your home for the best price and the least hassle. With a keen eye for staging & preparing listings to maximize Buyer appeal, all of Portia Green's listings are professionally photographed using HDR (High Dynamic Range) photography to provide the highest quality photos in the industry. Professionally printed marketing materials are prepared for all Open Houses. We also capture a 3D scan of your home that creates an interactive walkthrough online along with a custom-designed floor plan and targeted digital marketing campaigns on Google & the most popular social media channels. Compass participates in the Multiple Listing Service, which is the local real estate database of homes listed for sale that all REALTORS® use in helping their Buyers find houses. Your home will appear on every real estate website, in its best light, making a stunning camera-ready debut. Portia Green's home valuation expertise and extensive experience in comparative market analysis will help price your home accurately. She has refined her skills to help you pinpoint which features of your home will result in more showings and better results. Her mantra is for you to be ready to sell your home and feel good about that first. Portia knows that home inspectors always find a problem; that drones take some of the best photos in town; and that her eyebrows will grow to the floor in the time it takes her to read everything that's happening with your HOA, but that doesn't mean she won't do it anyway. Eyebrows be damned. You'll always need a place to unplug, connect, dream, grow, or just be yourself. That makes what Portia does even more meaningful. She’s ready to go the extra mile to help you find just the place. Whether you're selling your very first home, offloading an investment property, or want a vacation getaway with passive income, she is attentive to the details of every home sale. Portia helps busy people navigate this crazy real estate market like a pro, so don't be shy. Every great relationship starts with free advice and a friendly chat. Ask as many questions as you need to. Selling houses is her jam! www.portia.realtor