How Will COVID-19 Affect My Sale?

Buying and selling houses during an epidemic is tricky, to say the least, and if you are currently trying to sell your home, you might feel a little stressed out. With “stay at home” and “shelter in place” directives all over the country, you might be unable to have a buyer tour your home. Another concern might be that the value of your home will keep dropping over time as the economy takes a major hit from current circumstances. This has caused some homeowners to pull their homes off the market or to accept offers that are way lower than their asking price. While it is hard to find any guarantees during an ongoing disaster such as we are experiencing, there are some things that you should keep in mind to make sure that you make a wise, not rushed, decision.

First, the exceptionally low federal interest rate that is in effect currently has lead to very low mortgage rates, which might encourage a home buyer to commit. There are also alternatives to an in-person home tour. Many realtors set up online virtual home tours to give a buyer a chance to see your home without risking exposure to the Coronavirus.

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