If you are planning on listing your home for sale, you could be forgiven for feeling apprehensive. As a result of the COVID-19 pandemic, many housing markets across the country have stalled as people hold back on buying homes during a recession.
In addition, houses are remaining on the market for longer than at any other point in the past decade, largely because things are simply moving at a slower pace. If you are wondering about selling a home during COVID, you have come to the right place. Read on to find out everything you need to know about how to list your house for sale during COVID-19.
1. Evaluate the Market
When learning how to sell a house at any time, it is important to properly understand the local market. While there have been plenty of stories of housing markets in some areas grinding to a halt, some housing markets are experiencing record growth during COVID-19. Markets with houses in areas with large gardens, public parks, beaches, and quality public amenities have seen soaring demand over the past few months in some states.
However, if you are in a low-demand housing market, that does not mean you cannot sell. If you need to sell a house fast, experienced home buying companies that serve lower-demand markets will buy your home in a few days for a good price. There is always someone out there who will buy your home, it is just a matter of finding them.
2. How to List Your House for Sale
The most important steps to sell a house are the listing stages. If you are eschewing the services of a realtor and looking to list your home by yourself during COVID-19, there are a few important things to know. Choosing a list price for a house can be very difficult without a realtor, and it is highly recommended that you at least hire someone to appraise the value of your home.
However, if you would rather not, you can do your own market research to get a good idea of the average prices for homes such as yours. You will need to stage your home, perform any renovations necessary, and learn how to take high-quality photos that make your home look attractive to buyers.
3. Selling a Home Remotely
When selling a home during COVID-19, the biggest hurdle is the simple fact that the majority of the home selling process, if not all of it, will be done remotely. Potential buyers will likely choose not to come to a home to get a sense of the place. Rather, you will be responsible for organizing quality remote house tours that tell a potential buyer everything they need to know.
Invest in a good camera and do what you can to maximize natural light in your home. Make sure that the digital listing of your home contains as much information and as many images as possible. The more a buyer is able to glean about your house, the more comfortable they will be with buying.
Essential Money Hacks at Your Fingertips
Knowing how to list your house for sale during COVID-19 is just one important way to navigate your finances in a changing world. For more essential money hacks for 2021 and beyond, we have got you covered. Make sure to consult our expertly-curated Money section for expert tips and tricks that will help you achieve financial security.