Should you Wait to Sell Your Home Due to the Corona Virus?

Dated: March 28 2020

Views: 364

This is a question that I have been asked a few times the last few weeks. Here's the answer: Maybe.

So the Corona Virus has a lot of people up in arms or maybe a little scared. If you need to sell, sell. That is the bottom line. If you don't need to sell it might still be a great time to sell. Why? Well if a good portion of the market decides to take their homes off the market, that means less inventory, meaning more buyers are looking at YOUR home as a potential future home for themselves. 

Once the epidemic blows over, everyone will throw their home back on the market and there is a good chance that there will be some home owners that will want to sell out of fear, fear of not know how this will effect their homes value. That would then mean, more competition. 

At the end of the day, selling your home means competition, the less of it you have, the better. 

Now, if you have a compromised immune system and are worried about the spread - perhaps it is best that you hunker down and wait until everything blows over - if you can afford to do so. 

As always, if you have any questions for us, give us a call at 850-543-2260.

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Andrew Iremonger

Andrew Iremonger started his Real Estate career shortly after leaving the United States Air Force in 2014. The qualities that the military instilled in him carried on in his work ethic. Just a few sho....

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