Should I Sell My Home During the COVID-19 Pandemic?

Should I Sell My Home During the COVID-19 Pandemic?

As the country begins to recover from the impact of the COVID-19 pandemic, many homeowners are beginning to consider selling their homes. Because so many people are able to continue working remotely, many people are either looking to move for financial reasons or are looking for a change of scenery and moving from more densely-populated urban areas to more rural areas. Foundation Mortgage can help you decide whether now is the right time to sell your home in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee. Read further to better understand if 2021 is the right time to sell your home.

The Recovering Real Estate Market and Moving Trends

As the economy is continuing to recover, numerous people are moving away from major cities to less crowded suburban areas and smaller cities such as Gatlinburg and Lenoir City, etc., which makes it a great time to make your home available on the market and a great market for sellers. While you prepare to put your home on the market, you will want to evaluate recent housing market trends and statistics in your area in order to put an appropriate price on your home.

Showing Your Home During a Pandemic

Face-to-face showings and open houses are still fairly uncommon during the current pandemic, so it may be necessary to be prepared to show the home electronically online. In order to showcase the home, take high quality photos of your property and post them on real estate websites such as Zillow or Trulia so you can encourage potential buyers to put down an offer. Due to the fact that many people are continuing to work from home, you may want to highlight personal or private work space areas that may be in your home because the remote workforce is opening up a wide variety of buyers. You will also want to emphasize any other potential benefits to make your home more desirable to buyers, for example, if your home is located near a school, particularly one that is open for in-person learning, that could be appealing to buyers with families. If you do decide to conduct a physical showing of a home, you may want to consider creating scheduled appointments and following the most up-to-date social distancing protocols for safety purposes.

How to Choose the Best Price for Your Home

Due to many people returning back to work and government stimulus programs, many areas have seen home prices increase. Also, many people are currently buying homes because of lower interest rates. If you are selling your home in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee, and need help putting your home on the market, contact Foundation Mortgage today for a consultation.


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