These are trying times. No one in Real Estate really knows what will happen as we track the COVID-19 virus. There are enough concerns going on, but what if you need to Sell Your House Fast for Cash in Cumming GA?
COVID-19 on Real Estate
Let’s look at the obvious question. “Can I sell my house fast in Cumming GA still?” The answer is YES. Investors are still buying houses and able to close in 2 weeks. But what has changed?
With the slow down in the economy here are the direct effects on the Real Estate Market. With the 2 Week shut down of businesses this will have a trickle down effect. Every industry will suffer. Let’s look at an example: The fry cook at a Fast Food restaurant loses 2 weeks of paychecks. Then he cant pay his rent. The landlord is unable to charge a late fee or do an eviction. Right there it could be up to 2 months of lost rent for the landlord. Now a lot of landlords in Cumming GA do not have cash reserves to cover mortgages in such an event. Also this will mean any rental currently on the market will see a need for 10-20% price reduction to get new tenants.
So realistically what you are going to see is offers 10-20% lower than they were on houses just 2 weeks ago. You could wait for the market to come back up, but no one knows when that will truly be. You may not have that option.
Also there is the issue of keeping you and your family safe during the outbreak. Of course we understand these concerns. We offer full virtual transactions. We can do remote Closings. That way you do not have to leave the safety of your own home or travel great distances. You can even just send us pictures if you are not completely comfortable letting people in your house. Just remember, we are here for YOU, we have YOUR best interest at heart. We solve problems with creative solutions. We will find a way to buy your home if you need us to.
We here at Bogino Properties are still buying houses. We are still dedicated to helping people out in their time of need. If you still want to discuss our full retail pricing options with a Real Estate Agent in Cumming GA please check us out here. Call us anytime at 678-773-7268