Greater Seminole County Real Estate Report 5-27-20: Despite COVID-19 challenges, now is a great time for home buyers and sellers to enter the real estate market, and here is why!
Why is Now a Good Time for Home Buyers and Sellers?
In mid-March COVID-19 turned the world upside down. Since then we have faced unprecedented challenges. Virtual learning for children has become the norm. Many people can’t remember the last time they sat down at a restaurant to enjoy a meal and giving people 6 feet of space has become a common courtesy. One thing hasn’t changed. People still need to relocate for various reasons, including moving to take care of a loved one, a new addition to the family, or even taking on a new job. If you’ve been thinking about pulling the trigger on buying or selling a home, now is the time to do so, and here’s why!
Now is a Great Time for Home Buyers
If you’re in the market for a new home, now is the time to get serious about your search.
- Rock bottom interest rates mean lower monthly payments on a new home.
- There are many programs out there to help those who want to buy a home. For example, the VA is offering zero money down to qualified individuals and many are relaxing requirements so that more people can qualify to purchase a home.
- When you find the perfect home, there is a decreased risk of getting in a multiple bid situation, because many people have chosen to postpone their home search.
- There may be more room to negotiate on price and closing date when you find the home of your dreams.
Why Sellers Should Put Their Home on the Market
Just as it is a good time for buyers, it is also a good time for sellers to put their homes on the market.
- With many people forced to stay home in quarantine, they now have more time to put towards searching for their next home. This means that your home’s listing will be seen by more potential buyers.
- With virtual showings, you do not have to worry about potential buyers traipsing through your home.
- With a shortage of inventory, well-maintained homes that are priced right are in high-demand.
Whether you are looking to buy or sell, my team here at Gitta Sells & Associates is here to help you make the process as seamless as possible. Contact us with any questions you may have at 407-330-2181 or gittasells@gitta.com. Until next week, stay safe!
