Is Now a Good Time to List? 5 Reasons to Give Concerned Sellers

Let's cut to the chase. Selling a home has changed dramatically over the past few months. It's no longer as simple as signing documents and getting the space ready for a photographer to grab awesome photos. The question on every seller's mind is, "Should I sell my house right now?" The answer may surprise them. Now may actually be a great time to sell a residence and here are some of the reasons why.

Precautionary Measures in Place

Real estate boards and associations across the nation have developed extensive checklists filled with new guidelines for real estate professionals to implement and discuss with the seller. Everything from recommending virtual tours and virtual open houses to written instruction on safety measures aims to avoid exposure to COVID-19. Rules and regulations are in place when it comes to protecting the seller's interests.

Disclosure forms are available for potential buyers entering the home. These include questions about recent travel and exposure to the virus, as well as the mandatory requirements for sanitizers and facemasks during all showings. You can set healthy boundaries for those entering the house. Build trust by ensuring compliance with comprehensive safety protocols.

Great Interest Rates!

Did you know that mortgage interest rates are at an all-time low? Wow! Borrowing money to purchase a home has become more accessible and that means a whole new demographic of buyers are considering leaving their landlords in favour of owning their residence. Millennials are poised and ready to take the plunge into their first homes. Buyers are surfing the web for low-interest mortgages, visiting the online open house virtual tour options, and are excited to buy. Many lenders are now turning to 3D video tours and drive-by assessments to conduct an appraisal helping to reduce physical contact with the property.

Ask and Thou Shalt Receive

How can you safely attract a buyer to a property you listed? It starts with communication. An in-depth discussion with your prospective buyers will help them feel more comfortable when considering a property you listed. Make sure you list out the specifics regarding showings and open houses, like how many people are allowed at each viewing or ensuring sanitation of doorknobs and keeping other surfaces touch-free. Other things to discuss should include how you are using current technology such as virtual tours and 3D tours in order to ensure the safety of the buyer.

Virtual tours are simply the best way to eliminate a host of on-site visitors to your property before they are pre-qualified. Allowing a buyer to view online floor plans and virtually examine every space means avoiding physical exposure until necessary. Think the property could use some updated furnishings to show it off a little better? Enhancing the space through virtual staging techniques can give that extra pop to highlight specific features and capture the eye of a potential buyer.

When Selling Now Is the Only Option

Unfortunately, there are circumstances when the time to sell a home is now because of a loss of income or change in personal circumstances such as divorce or illness. Fortunately, there are several things to help get your listing sold quickly. Buyers looking for a "deal" will be more inclined to offer a higher price when the property is presented well. So take advantage of technology tools to add 3D tours, virtual staging, and accurately measured floor plans to your listings. In-person showings and physical open houses continue to be avoided by the consumer. So when your clients are in a must-sell situation, you can make the most out of it by creating an up close and personal feel with virtual tours for your client's property.

Statistics Say Something, But Sometimes the Answer Is Muted

You keep reading monthly market statistics of how sales and listings are down. But guess what? The market is starting to rebound and that is good news for sellers. What you don't hear about is the growing number of buyers just waiting for your listing to pop up with a virtual tour, showcasing exactly what they are looking for. Whether they are beginning their buyer's journey or have been on the road for a while, buyers are house hunting.

Offering an accurate floor plan and 3D tours along with outstanding photos from the real estate photographer will help get your listing added to the sold statistic for next month!

To view the original article, visit the iGuide blog.