Understandably many of us may consider that trying to sell a home in the middle of the Coronavirus pandemic would be an unwise move. Whilst I acknowledge that this crisis is real. It must also be kept in perspective. Does anyone remember the SARS outbreak in 2003? Or perhaps H1N1 in 2009? Both were considered to be pandemics and yet they had little effect on our home selling market. According to this article in the National Post, more than 12,000 people go to hospital with the common flue and 3,500 die in Canada every year. And yet we don’t panic about that.
If you are considering making a move this might be the time to do it.
1. Only most motivated home buyers will be active
These are the folks that need a new home and need it soon. This means that in most cases you won’t be wasting time allowing looky-loos into your home.
2. You will face less competition from other sellers
The half-hearted home sellers, that is those folks that ‘just want to put their home out there’ won’t bother this year. This means that you have all of the most motivated home buyers to yourself.
Still not sure? In 2003 13,258 homes and condos sold in metro Edmonton*. In 2009, 15,356 homes and condos sold across metro Edmonton.
So far this year 2,028 homes and condos have sold across metro Edmonton.
For a more detailed overview of market please click on these links Single Family Market Report or Condo Market Report.
About the author:
You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®.
Want more information about our full service FLAT FEE home selling programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca
* For our purposes, metro Edmonton consists of Edmonton, Sherwood Park and St Albert.
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