COVID-19 and the house selling market is a concern for the ones in this business. A lot of uncertainty is being created since many house agents have lost sale opportunities during these tough times. The question is: will COVID-19 lower the worth of your home? If you are interested in this topic, and selling your home is an interest of yours, it’s great to get informed and know your options.
Can You Still Sell Your Home For A Fair Price During COVID-19?
Since the COVID-19 outbreak, the house selling market value has undoubtedly changed depending on the area you live in. Home sales have undeniably decreased since most people are fulfilling the WHO suggestions for staying home safe and avoiding social interactions. But when it comes to the pricing of a home, has this changed or stayed the same?
On pause house prices
There are three possible scenarios regarding house prices during a pandemic. According to a Zillow study, the current situation in the U.S. house selling market is that home prices have so far not fallen, but transactions have nearly ceased. Yet, this depends on the area you live in.
Real estate lowering house market value
Since real estate agents have found themselves losing cases, many have gone for promoting a lower house price to attract buyers. Since not many people are risking buying houses during these times, enticing them with a lower price is the way they have opted for ensuring the sale.
Getting a fair cash offer for your home
Home buying companies turn out to be an incredible house selling option for many homeowners. Even during such times, they can present you with a fair cash offer for your home regardless of the situation. With them, you can prevent having your house sold at a lower price, and get a fair all-cash offer.
Bogino Properties – Your Home-Selling Option In Atlanta
At Bogino Properties, we buy houses in Georgia under any condition. We make fair cash offers to homeowners in need of selling their home through a fast selling procedure. With us, you don’t have to worry about paying for extra fees or commissions. We can provide you with an offer within 48 hours and close in as little as seven days, or on your timeline.