Are you sitting at home right now? Yes. We are all #workingfromhome or we should be. The question I am asked most frequently is what is COVID-19 doing to the #denverhousingmarket? Let me break it down to Selling, Buying, Low Inventory and Real Estate.
Guess what? Despite COVID-19, we are still experiencing a #lowinventory of homes in the #denverhousing market. What does this mean? To put it simply, the houses that are for sale or are on the #market are very limited. Yes, the houses for sale were limited before COVID-19. Now with even more limited houses for sale, you might think, why bother?. Here is a breakdown on #realestate in the midst of #COVID19:
SELLER:
If you're a seller you might be asking, Should I #listmyhome or wait? If you're a seller, you might think NO one will want to buy my house right now. We are on #stayathome orders. Yes, we should stay at home (PLEASE) and can do that while shopping for homes. In fact, I bet, as you're reading this, you on your computer or your cell phone and on the internet? Yes? Buyers are too. The #homebuying experience and online home viewing is STILL happening. Also, because of the shortage of houses on the market, it's likely that you will get a full price offer or multiple offers on your home. #listyourhometoday
BUYER:
Should I #buyahome now or wait? With everything said in the last paragraph, buyers are asking why should I buy a property now? Well, good news! #Interestrates are LOW! Take advantage of this time. If you can and are financially able, it's a great time to purchase a home. Check with your lender to find out your specific rate.
REAL ESTATE AGENTS: Are Real Estate Agents working right now? YES! Real Estate agents have been deemed #essential and for a good reason, people still NEED a place to live. That being said, your #realestateagent should help you to view your TOP properties and/or send you videos or do a #virtualshowing of the property you are interested in. Of course, we are all practicing #socialdistancing and taking all #precautions to be safe, but YES - Realtors can still help you with buying or selling your home.
As we all know, this is a challenging and unique time. The good news is #realestate in the #Denvermetro area is still humming along. Look for more articles and resources coming soon. #besafe #stayhealthy #bewell