What Sellers Should Be Doing With Heated Market

More than 50% of homes sold in April 2020 were sold in less than a month. With the low number of homes available, it shows that real estate is not standing still, even with this everlasting pandemic. This means the turnover rate of home sale is going fast and sellers should also be on the move. That includes fixing up the house quickly, find that trustworthy agent, and get that house on the listing as soon as possible. The whole point is to capture the opportunity to sell before it is gone. Use social media to show off what you got.

Over 5 percent rise in home sale over the recent weeks. According to Zillow, sellers are getting active as the economy is opening back up for the pandemic. This means this economy recovery also creates a huge demand for housing that would benefit the sellers. Sellers then should act fast during this time to sell the home for a good price and sell rapidly. Seller can announce and show off their property via videos posted on social media.

Demand for home-buying is strong across the U.S. According to the National

Association of Realtors, the demand for home-buying is high in all 50 states. This translates to a continuing high demand for homes, yet low availability would make the market tight and competitive. The sellers will be the ones in the middle of such competitive market to sell their homes quickly with high profit. Sellers can list their own property on social media.

What does for realtors. In realizing such potential market, real estate agents should focus on promoting sales and working with sellers to get their homes listed. Some sellers might still be deciding, and this is where the agent would come in. Realtors should also focus on communicating trends and the updates on the current market which can be conveyed through social media, videos and in-presentation or virtual presentations. The key is being open, honest, and fluent in the seller’s language to gain their trust and respect.

Topics: real estate, home-selling, market

Work cited: Keeping Current Matters; https://www.keepingcurrentmatters.com/article/summer-market/