COVID 19 real estate Archives | Dani Blain Real Estate Team

Seller’s Edition

Inventory is low, it’s a seller’s market, sell now! Seems like those are the things people have swirling around in their heads these days. While it is true that we are currently in the middle of a seller’s market – it’s not just any ol’ market – its a market like none of us have ever seen. We talked a while back about what the current Real Estate Market here in the Central Valley in our post “The Real Estate Market TODAY” and today we are going to dig in a little deeper on what the reality is for sellers at this moment.

When you are working with an experienced Real Estate Agent you will have someone to guide you through what the process can look like in this unique market. Our team of Agents here at Dani Blain Real Estate have remained very busy throughout the coronavirus Pandemic and very familiar with the current trends. Some things you should be thinking about if you are going to be putting a house on the market soon:

It will be a lot different than the last time you bought or sold a house

No one has ever seen a market like this before. We can promise you – unless you have bought/sold a home in the last six months, this process will be very different than the last time you were here. You may see incredibly short listing times. With inventory low and loads of eager buyers, we are seeing houses only having live listings for a number of hours before the offers start rolling in.

You may receive multiple offers. You may see multiple offers above your listing price. There may be heartfelt letters from sellers of why you should choose them over another eager buyer. With this seller’s market you will be in the driver’s seat – but working alongside a knowledgeable agent will be like having the perfect GPS navigating the route from the passenger seat.

Make sure you have a strong virtual listing

With interest rates currently being so low, we are seeing a lot of first time buyers and the majority of them are Millennials. Millennials are all about shopping online and scrolling through MLS listings is something anyone can do before they even get out of bed in the morning. Having a listing with great photos, a virtual tour, etc… can really make your home stand out and garner lots of interest with excited buyers. Having people fall in love with a home before they even see it in person is what it is all about right now.

Be comfortable with the unknown

Every house and every process is totally unique and different. Once the offers start to come in there will be a great deal of variables to work through with your agent. Having an agent that can be thinking ten steps ahead and trying to anticipate the unknown will help a lot. Being prepared to go on a bit of a journey with lots of twists and turns is what we need all of our seller’s to be comfortable with right now.

Is now the right time to sell your house? It is a great time if you are ready! It will be important for you to have your plan and know exactly what the next steps are for after you sell your current home. We have Agents that can help you map out the best way to make this happen and help you search for a new home while you’re in the process of selling. It is a lot of moving parts during a stressful and emotional process – which makes working with an Agent you trust and click with is so important. Get in touch with us and we can help match you with an agent that will be perfect for you and your situation in any area in the Central Valley.

COVID-19 has changed nearly all aspects of our lives, so of course it has impacted the Real Estate Market. Here in the Central Valley and across the country, we are all dealing with this new pandemic market – a market like we have never seen. Like most industries, Real Estate was forced to make a quick pivot and adapt to the new safety measures and protocols put in place to keep buyers, sellers, agents, lenders, etc… safe and healthy. Now that we have all made the adjustments and navigated our way through some of the initial uncertainty, we have seen things settle a bit and can fill you in on what’s going on with the residential real estate market today:

Buyers are eager

They see that interest rates are at historic lows and they know they can lock in a rate in the 2.5s which is significantly better than rates have ever been. First time home buyers are looking at this as an opportunity to finally make their home buying dreams a reality. Here in the Valley, we are seeing homes in that first time buyer range of the low $200s sell in mere hours after the listing is live. In addition to those types of listings, we are seeing that there are eager buyers for every type of property coming in with creative ways to make sure they land the home they want.

Inventory is low

With so many eager buyers on the prowl for a place to call home, there are simply not enough houses on the market. With the initial uncertainty of the way pandemic would impact people’s jobs and livelihoods, there were a lot of hesitant home owners who weren’t sure that now was the right time to list their home. However, more recently, we are seeing this settle a bit. We have seen people are more aware that there is an opportunity to list their home and upgrade from a starter home into a forever home, or transition from a big family home into a smaller home for empty-nesters. Sellers are seizing this unique market as an opportunity and slowly adding to our inventory, which is great.

Offers are WILD

It is safe to say over these last six months we have seen some of the most wild offers come through and have seen truly unprecedented things happening as it relates to this phase of the process. It can be fast paced, somewhat stressful, and feel a little intense. Sellers are favored and buyers need to come prepared for an offer process full of ups and downs.

Now more than ever, we can say with certainty, that people that are getting into the houses of their dreams or are selling for above asking, are doing it alongside a Real Estate Agent they trust and is savvy in what is happening at this moment in Real Estate. Now is not the time to work with someone who is dusting off their license or doing Real Estate part time. Things are changing daily and our agents here at Dani Blain Real Estate are in the mix and making successful offers regularly.

We have seen that a “bid it to win it” strategy is crucial in this market and we are well poised and experienced in this new Real Estate landscape across the valley. We invite you to reach out to us and chat with one of our agents who can help you prepare to either buy or sell in today’s market. Stay tuned for our next two blogs where we will be going more into depth on what the reality of this market is for buyers and for sellers.