Keys To Selling Your House Virtually
Keys to Selling Your House Virtually
In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?
In today’s rapidly changing market, it’s more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.
So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, a real estate agent can help make your sale happen. Agents know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:
- Virtual tour of the home
- Accurate and detailed listing information
- Detailed neighborhood information
- High-quality listing photos
- Agent-led video chat
After leveraging technology, if you have serious buyers who still want to see your house in person, keep in mind that according to the National Association of Realtors (NAR), there are ways to proceed safely. Here are a few of the guidelines, understanding that the top priority should always be to obey state and local restrictions first:
- Limit in-person activity
- Require guests to wash their hands or use an alcohol-based sanitizer
- Remove shoes or cover with booties
- Follow CDC guidance on social distancing and wearing face coverings
Getting comfortable with your agent – a true trusted advisor – taking these steps under the new safety standards might be your best plan. This is especially important if you’re in a position where you need to sell your house sooner rather than later.
Nate Johnson, CMO at realtor.com ® notes:
“As real estate agents and consumers seek out ways to safely complete these transactions, we believe that technology will become an even more imperative part of how we search for, buy and sell homes moving forward.”
It sounds like some of these new practices might be here to stay.
Bottom Line
In a new era of life, things are shifting quickly, and virtual strategies for sellers may be a great option. Opening your doors up to digital approaches may be game-changing when it comes to selling your house. Let’s connect so you have a trusted real estate professional to help you safely and effectively navigate through all that’s new when it comes to making your next move.
What Impact Might COVID-19 Have On Home Values?
What Impact Might COVID-19 Have on Home Values?
A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.
The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item.
In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a buyers’ market, with downward pressure on prices. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices.
Going into March of this year, the supply stood at three months – a strong seller’s market. While buyer demand has decreased rather dramatically during the pandemic, the number of homes on the market has also decreased. The recently released Existing Home Sales Report from the National Association of Realtors (NAR) revealed we currently have 3.4 months of inventory. This means homes should maintain their value during the pandemic.
This information is consistent with the research completed by John Burns Real Estate Consulting, which recently reported:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”
What are the experts saying?
Here’s a look at what some experts recently reported on the matter:
Ivy Zelman, President, Zelman & Associates
“Supported by our analysis of home price dynamics through cycles and other periods of economic and housing disruption, we expect home price appreciation to decelerate from current levels in 2020, though easily remain in positive territory year over year given the beneficial factors of record-low inventories & a historically-low interest rate environment.”
“The fiscal stimulus provided by the CARES Act will mute the impact that the economic shock has on house prices. Additionally, forbearance and foreclosure mitigation programs will limit the fire sale contagion effect on house prices. We forecast house prices to fall 0.5 percentage points over the next four quarters. Two forces prevent a collapse in house prices. First, as we indicated in our earlier research report, U.S. housing markets face a large supply deficit. Second, population growth and pent up household formations provide a tailwind to housing demand. Price growth accelerates back towards a long-run trend of between 2 and 3% per year.”
Mark Fleming, Chief Economist, First American
“The housing supply remains at historically low levels, so house price growth is likely to slow, but it’s unlikely to go negative.”
Bottom Line
Even though the economy has been placed on pause, it appears home prices will remain steady throughout the pandemic.
Luxury Tucson Rental
Luxury Tucson Rental
Luxury Tucson Rental
7050 E Sunrise Dr 19206 renting for $775/month.
This upgraded Luxury Tucson Rental is a 1BD/1BA condo with SS appliances and granite countertops is located in the Foothills near Sabino Canyon. Pinnacle Canyon Condos offers Resort style living at its finest! Relax poolside and enjoy the sounds of the cascading waterfall or in the evenings unwind on your patio.Sabino Canyon nearby. Conveniently located near golf, excellent restaurants, grocery store, shops and more.
Luxury Tucson Rental
Tucson Townhouse For Rent
Tucson Townhouse For Rent
Tucson Townhouse For Rent
4992 N Valle Road renting for $1375/month.
Charming single story Tucson Townhouse For Rent with city and mountain views. This private home features a gated courtyard entryway, North / South orientation, backyard with a covered patio and Rincon Mountain & city views, high ceilings throughout, wood flooring, roof repairs completed on 3/31/2020, romantic gas fireplace, 2BR+den, eat-in kitchen, amenities include pool & hot tub, recreation center with kitchen facilities and a convenient location near shopping, restaurants and Sabino Canyon Park. The Valle Townhouses are a small community of only 49 properties and homes rarely come on the market.
Tucson Townhouse For Rent
Tucson Home For Sale
Tucson Home For Sale
Tucson Home For Sale
Spacious remodeled Northeast Tucson Home For Sale with over $40,000+ worth of custom upgrades. This private 4BR+Den/3BA homes features a 1st floor master suite with roomy walk-in closet, renovated master bathroom with dual sinks, separate shower / bathtub, East facing backyard with brick pavers, extended patio, elevated area and hookup for hot tub and built in BBQ grill, open kitchen with stainless steel appliances & marble counters, built in entertainment center with TV in family room, Cantera stone fireplace & hearth, chiseled edge travertine and wood flooring and a popular Eastside location near shopping & numerous restaurants.
Tucson Home For Sale
Tucson Virtual Real Estate Tours
Tucson Virtual Real Estate Tours
Tucson Virtual Real Estate Tours With The Servoss Group
The Servoss Group has partnered with a photographer that is able to take 3D virtual tours of our real estate listings. This will allow our Buyers to see the property layout / floor plan online.
View one of our: Tucson Virtual Real Estate Tours
Our real estate marketing programs already consisted of high definition pictures featured on Tucson’s most visited condominium website, www.LuxuryTucsonCondos.com, access to Tucson’s top real estate syndication network through our partnership with Keller Williams Southern Arizona, properties being featured in Homes and Land Magazine and on their website so now providing Tucson Virtual Real Estate Tours is just one more way we will continue to make sure we remain Tucson’s #1 selling condominium team.
Tucson Virtual Real Estate Tours
Tucson Townhouse For Rent
Tucson Townhouse For Rent
Tucson Townhouse For Rent
4992 N Valle Rd renting for $1375/month.
Charming single story Catalina Foothills Tucson Townhouse For Rent with city and mountain views. This private home features a gated courtyard entryway, North / South orientation, backyard with a covered patio and Rincon Mountain & city views, high ceilings throughout, wood flooring, roof repairs completed on 3/31/2020, romantic gas fireplace, 2BR+den, eat-in kitchen, amenities include pool & hot tub, recreation center with kitchen facilities and a convenient location near shopping, restaurants and Sabino Canyon Park. The Valle Townhouses are a small community of only 49 properties and homes rarely come on the market.
Tucson Townhouse For Rent
Pinnacle Canyon Condo
Pinnacle Canyon Condo
Pinnacle Canyon Condo
7050 E Sunrise Dr 13105 listed for $195,900.
Spacious fully furnished ground floor Catalina Foothills condo & garage (#47) in the gated community of Pinnacle Canyon Condos. This remodeled turnkey Northern Tucson property features ceramic tile flooring throughout, split bedrooms, high ceilings with crown molding, open kitchen with granite counters & stainless steel appliances, custom designed walk-in California Closet in guest bedroom, dining area with bench, Catalina Mountain views, covered patio, master suite with walk-in closet and resort style HOA amenities. The Pinnacle Canyon Condos include a heated pool & spa, exercise facility, enormous clubhouse, bbq areas, award winning grassy park-like grounds and a convenient location across the street from shopping, numerous restaurants and just down the street from Sabino Canyon Park.