Covid-19 and the Real Estate Market in 2020

Are you hesitant to put your house on the Real Estate market in 2020 amid Covid-19 pandemic? There’s no doubt that these are uncertain times and that has made a lot of sellers wary of putting their home on the market.

Impact on the Real Estate Market

We can all agree the Covid-19 pandemic has wreaked havoc on various sectors of economies worldwide and might take several years for the affected sectors to fully recover and get going. Interestingly, its impact on the Real Estate is not as bad as you would think.

In fact, very recently, Vox published an article titled, “Why housing prices aren’t dropping in the pandemic.” In it, they explain that house values are up 4.3% from last year and the typical home is worth over a quarter of a million dollars meaning this is actually a good time to sell your house.

So don’t fret if you were planning to sell your home this year and then bailed on your plans because of Covid-19, that’s understandable but it’s also unnecessary.

2020 is a GREAT year to sell your home and I will share with you how to go about selling your house if you are looking to do so.

Here are your options;

Sell on the Multiple Listing Service (MLS)

This is the most common way for people to sell their home, but it’s not right for everyone. Remember that if you sell through the MLS, you’ll probably need to pay a real estate agent commission and pay closing costs you’ll also need to repair your home, update appliances, and maybe even stage it.

Sell to a Professional Homebuyer

At Bright Haven Properties, we can purchase your home as-is for cash, we’ll pay closing costs, and we can even close in as little as two weeks (how it works). This is a great option for people who have a lot of equity on their home and want to sell without the hassle of using an agent or trying to find a buyer through the MLS. Give us a call on 704-461-0576 or fill out the form below to get your fair cash offer!

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Start Here!

  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *