With the country dealing with the COVID-19 pandemic, a recent survey by the National Association of Realtors shows that 40% of its’ members have suspended holding open houses.
However, it’s still a good time to list a property on the housing market.
We spoke with Vicky Seehafer, Broker/Owner of Century 21 Aspire Group who said, “absolutely, it’s a good time to do so because interest rates are at an all-time low,” and she and her staff are “in constant contact with lenders and title companies in working together every single day.”
She said there hasn’t been one closing affected by this pandemic.
Seehafer explains that now the buyer & seller along with a title company representative are the only ones allowed to participate at the closing.
Meanwhile, Bob Nelson of Coldwell Banker Real Estate Group, was also contacted for this story.
The 2018 county realtor of the year said if you put a house on the market now there aren’t as many people competing to buy or sell leading to a pent-up demand.
Another advantage, according to Nelson, is that a transaction closing can occur a lot quicker with a slower market pace.
He says it’s also a good time to hire an agent to sell, as opposed to doing it on your own, because a realtor can vet those truly interested in your property.
And, when we do come out of this pandemic shutdown, Seehafer said, “Get ready to rock” because in her opinion, “there’s going to be a housing industry rebound bigger & stronger” than before the coronavirus.