• What if I need to sell my home now?

    Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible. Rest assured, with technology at your side and fewer sellers on the market in most areas, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).

    You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Buyers have those needs too, so rest assured that someone is likely looking for a home just like yours.

    According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current homebuyer interest. That said, 10% of agents said in the same survey that they saw no change or even an increase in buyer activity. So, while buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.

    Here’s the other thing – people are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country. Buyers are actively looking at homes for sale online. Some of them are reaching out to real estate professionals for virtual tours and getting ready to make offers too. Homes are being sold in many markets.

    There Is Less Competition Right Now
    The same survey indicates that 56% of NAR members said sellers are removing their homes from the market right now. This can definitely work in your favor. If other sellers are removing their listings, your home has a better chance of rising to the top of a buyer’s search list and being seen. Keep in mind, listings will pick up again soon, as 57% of the respondents note that sellers are only planning to delay the process by a couple of months. If you need to sell right now, don’t wait for the competition to get back into the market again.

    This year, delayed listings from the typically busy spring season will push into the summer months, so more competition will be coming to the market as the pandemic passes. Getting ahead of that wave now might be your biggest opportunity.

    Your Trusted Real Estate Advisor Can Help
    Real estate agents are working hard every single day under untraditional circumstances, utilizing technology to help both buyers and sellers who need to continue with their plans. We’re using virtual tours to show homes currently on the market, staying connected with the buyers and sellers through video chats, and leveraging resources to complete transactions electronically. We’re making sure the families we support remain safe and can keep their real estate needs on track, especially as life is changing so rapidly.

    Bottom Line
    Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status in your local market, contact a local real estate professional to create a safe and effective plan that works for you and your family.

  • Clearing up some Confusion

    Knowing the Difference Between a REALTOR®, a Broker, a real estate agent, and other terms

    Real Estate Agent – Someone who has met the requirements of their state real estate department, bureau or commission, and passed the appropriate tests to broker real estate.  Someone who has passed the Sales or Broker Associate (Not something done in California, but is done in other states) test must conduct business with the assistance of a Broker.

    REALTOR® – A licensed real estate professional that helps members of the public navigate the home and property buying process.  REALTORS® are members of the local, state and National Association of REALTORS® and subscribe to the NAR Code of Ethics.

    Broker
     – A licensed real estate professional that is able to conduct real estate transactions by themselves, and is able to oversee Agents, Salespersons, and Broker Associates.  Some Brokers may also choose to work for another Broker as well.

    Real Estate Salesperson – Another term used for a Real Estate Agent

    Associate Broker – Some states do not offer a real estate sales license, but instead offer different standards for an associate broker – someone who works under a licensed real estate broker.

    I hope that helped clearing up some confusing terminology..

    Thank you for visiting me here

    BB