In 2020, many of our ‘normal routines’ have changed abruptly. And while the Real Estate market is still active, you have options when it comes to buying or selling.
There are a number of benefits to buying or selling a home right now with the current state of the market. Thanks to historically low interest rates, low inventory, and rising sales prices, if you’ve considered making a move, now might be the perfect time before the market potential changes.
That said, you may be uncertain of how the process will look if you decide to make a move, or may be worried about how safe it is to buy or sell now.
Here’s a closer look at how the buying and selling process has changed in 2020, what options you may have, and what both buyers and sellers should keep in mind:
Many of the typical Real Estate processes that have changed have been directly related to maintaining the safety of home buyers and sellers and allow REALTORS® to bring the home search and sale to their customers. Professionals in the industry are dedicated to still meeting the needs of their clients without sacrificing safety and the comfort level of the homeowner or potential buyer.
More and more, REALTORS® are implementing the use of virtual meetings to safely stay in touch with their customers to stay connected throughout the process, allowing buyers and sellers to receive help each step of the way while maintaining safe distances.
Additionally, there are a number of ways for buyers to search for and find the home they’re looking for, virtually. Through a trusted local REALTOR®, buyers can receive customized alerts for homes that match their needs, allowing them to easily browse their options virtually and not miss the latest as they come onto the market. This is also imperative as the number of homes for sale currently are at a low inventory, so being in touch with a professional to receive the latest as they enter the market puts buyers at an advantage and allows them to safely browse homes.
Thanks to the power of Matterport Technology, potential home buyers can explore homes for sale with ease virtually, without ever stepping foot inside. This can offer the ability to have a better idea which homes a buyer is truly interested in.
This is also highly beneficial to sellers, as it allows their home to be marked effectively while limiting showings to serious buyers rather than opening the home to numerous parties. Learn more about selling your home in 2020 here.
Additionally, through professional videos and virtual walkthrough meetings, REALTORS® can effectively market a seller's home to prospective buyers in-depth before visiting the home in person, protecting both buyers and sellers by limiting contact. This also saves home buyers time, allowing them to truly narrow down their interests, safely, from wherever they are, before deciding which homes they’re ready to see in person.
There are a number of options throughout each step of the Real Estate process for making sure all parties are safe and comfortable.
For buyers, one of the first steps of the process should be securing financing for their home purchase. Buyers can connect with a lender virtually to discuss personalized needs when it comes to buying options, budget, and getting pre-approved.
With today’s historically low interest rates that many are looking to take advantage of, and with a low number of homes for sale on the market, it’s important to secure financing and pre-approval so that you’re ready with a competitive offer when you find the home you’re looking for. Click here for more information and to connect with our preferred lender, Lendello mortgage.
Additionally, there are options for the completion of the sale from remote closings to paperless transactions. At ERA Grizzard, we’re proud to offer paperless options that include electronic signatures and the wiring of money guided by your trusted ERA Grizzard REALTOR®.
Overall, while much has changed this year, including process for home buying and selling, now may be the right time to make a move thanks to the state of the market. With many options to choose from along your Real Estate journey, meet your Real Estate goals in the way that best suits you.
Learn more about our Virtual Home Buying and Selling program here, or talk to a professional for more on your specific needs: