With coronavirus and a strained economy, there are many difficulties homeowners are facing if they decide its time to sell. Considering selling your house during a global pandemic can be more than a little concerning. If you find yourself in just this situation, you will want to pay very close attention to these 5 difficulties homeowners are facing when trying to sell their Dallas Fort Worth home during coronavirus.
Both pre and post showing cleaning precautions must be taken for the health of yourself and anyone who walks through your house. Let’s face it, all the time and extra work involved in disinfecting every surface can become burdensome to sellers. Not only is it an added burden on yourself, but you may also find yourself in the position of having to trust the buyer’s agent to be just as careful cleaning everything when they are finished with a showing. We’ve heard many sellers say that allowing a group of strangers into their home for a showing feels more like an invasion of their space than ever before. It’s important that you can feel confident that your family will remain safe if trying to sell your Dallas Fort Worth home during coronavirus.
Due to the fast-paced changes in the real estate industry, many agents find themselves overwhelmed. Without being on top of today’s technology and lacking the ability to make full use of digital tools, they fall behind when attempting to meet the marketing demands and strategies to bring buyers to your door. Being poorly marketed on the internet can literally be the difference between your home selling or sitting on the market. If your agent is utilizing all of the technology available, you will need to ask in advance if all of the expenses in their marketing plan are covered by the commission that you pay. Homeowners are facing a heavy demand for online virtual tours and technologically savvy marketing when trying to sell their Dallas Fort Worth homes during coronavirus. Many realtors charge upgrades for these services, so its important to know up-front how your realtor plans to market your home.
Lack of Interest
Buyer’s priorities in housing have evolved along with many other aspects of our lives affected by the disease. With the increased number of people working from home and the homeschool revolution, many buyers need more space. There are fewer larger homes on the market, as the previous trend was in downsizing. This is a problem many homeowners are now facing when trying to sell their Dallas Fort Worth homes during coronavirus. Likewise, if someone is moving during this time, it’s likely they are in need of a move-in-ready dwelling. You may be feeling extreme pressure if you are in a position where you can not afford to make repairs or maintain your home.
As changes to the rules governing business continue to evolve, it’s imperative to keep on top of the latest developments for your city and state, which have had a negative effect on real estate transactions, primarily caused by delays in closings. Banks are busy handling calls from existing mortgage holders who are not able to make their payments, so financing approval is taking much longer than normal. Appraisal companies and inspection companies have new safety regulations to follow, which can also cause delays in the process of getting financing approval. As potential buyers face ever-changing challenges which can cause cancellations, sellers continue to lose deals and have to start again from scratch, when trying to sell their Dallas Fort Worth homes during coronavirus.
Last but not least, people are facing high levels of stress from living through a unique time in history and dealing with the day to day changes. Just imagining that groups of people will be going through your own home can also be extremely disquieting, especially under the looming threat of the serious illness which COVID-19 can become. In most cases, moves are happening due to job loss or hardships from the illness itself, which can be devastating during the best of times. Should there be delays in your home selling, while you are being forced by circumstances to carry out the move, it can mean up to double your usual expenses. Not only this, but there are also health concerns regarding how your belongings are handled during the move and how your new home is prepared prior to moving your family in. All of this with no guarantee of a timeline until you finally have a closed sale and cash in hand. The weight on your shoulders is magnified when trying to sell their Dallas Fort Worth homes during coronavirus.
It can be more than overwhelming when considering all that homeowners are facing when trying to sell their Dallas Fort Worth homes during coronavirus.Dallas' Best Home Buyers can help you avoid the concerns of possible COVID-19 exposure, a poorly marketed property, buyers continually canceling, or even a potential lack of interest in your home. If you’re considering selling, we will handle everything for you, explaining every step along the way and give you a definite closing date! Send us a message or call (972) 309-9500 today!