The coronavirus pandemic, extra safety precautions and added restrictions have many potential homeowners pressing pause on trying to sell their home. While it’s true that the market may look a bit different than normal, waiting until the COVID virus is gone could mean sitting on your property for at least another year. In actuality, even with the pandemic, this summer is the perfect time to list and sell your home.
Competition is Low
For a variety of reasons, there are fewer homes currently available on the market, presenting a better opportunity for you to receive top dollar for yours. With limited options, buyers are more likely to put in an offer quickly on a home they like to avoid missing out.
Home Buyers are Back
As the coronavirus restrictions ease, more buyers are entering the market. People are becoming much more comfortable leaving their homes with the right safety measures, such as wearing a mask. Some may be back at work, or seeing their hours return to normal, also making them feel more at ease and prepared for a larger investment purchase.
Mortgage Rates are Low
Many buyers are reentering the market now so they can lock themselves in to a lower interest rate on a new mortgage. Rates for the North Platte area are currently averaging at or below 3.5% for many buyers with approved credit.
School’s Out for Summer
Families with school-aged children generally look to purchase a new home during the summer to avoid disrupting their academic schedule. Combining the brief summer timeline with fewer homes on the market means families are ready to act fast. Plus, ensuring their children are established in their new home before the school year begins is important, especially if they are entering a new district.
It’s the Best Time for Curb Appeal
First impressions are important when a buyer pulls up to view a potential home. The flowers are bloomed, the bushes and trees are full of leaves, grass is green – now is the time when your home looks its best. Use this great curb appeal to grab potential buyers’ attention, both through online photos and in-person viewing.
Ready to Sell? Contact Sheri Bourne at Gateway Realty
Owner and Broker of Gateway Realty of North Platte, Sheri Bourne, is ready to help you get your home on the market and sell fast. With over 40 years of experience in real estate, Sheri specializes in every aspect, including residential, commercial, farm and ranch, foreclosures, and relocation. She offers extensive connections with repeat customers and clients, as well as personal and professional referrals, helping you find the right buyer for your home and the perfect place for your family in the Lincoln County area.