How to Sell Your House During a Pandemic
The coronavirus pandemic has uprooted the standard way to do all sorts of things, and selling a home is one of them. Until recently, open homes were quite common – but virtual tours are now the new normal. There are many ways you must adjust as a seller to successfully sell your house during a pandemic, and this blog post will get you started on the right foot.
Should You Sell Your House in 2021?
First and foremost, you need to ascertain whether now is a good time to sell your property at all. The economy suffered record lows in 2020, and the coronavirus pandemic makes the future uncertain. Buyers may not be as plentiful as in more stable economic times, though interest rates are at record lows. That being said, 2021 is expected to be a robust seller’s market. And, of course, you may need to sell regardless of what’s taking place in the market.
What Extra Considerations Do You Need to Make?
The landscape has changed a lot over the last year, and there are some things to consider specific to selling your house during a pandemic. House hunters aren’t able to visit properties to the same extent, so the methods by which prospective buyers can view your home should be fully taken advantage of. That means high-quality photos – and staging always helps.
In the absence of real home tours, you might want to consider offering individual live virtual tours. That way, potential buyers will be able to experience your property their way and have greater control over what they can see. You may decide to offer in-person tours too, in which case it’d probably be wise to screen buyers in advance and only provide tours to those who are serious. If or when these go ahead, make sure to have the place professionally cleaned and provide hand sanitizer and booties.
Will the Whole Selling Process Change?
Most everything is a little different thanks to the coronavirus pandemic. The main difference when it comes to the process of selling your house is time. Expect everything to take longer: everything has slowed down, and selling a property is no different.
What About Buying a New Home?
If you’re selling your house, you may be in the market for a new home. It’s important to consider your personal financial situation, especially if you’ve been affected by the pandemic. Are your employment and income stable? Is your credit score in good shape? Are you eligible for a home loan?
UW Funding can help you answer those questions. We’ll take a look at your unique situation and assess whether you’re in a position to take out a mortgage on a new property. And if you are, we’ll help you do so – for an ultra-competitive rate. We understand that the pandemic has made buying and selling property difficult, but we’re experts in home loans – and we can help lift the load. Reach out to UW Funding today to see how we can help you.