If you’ve been thinking about selling a property, you’re likely wondering if this is the best time to do it. We don’t need to list the reasons why you may have second thoughts about it – you’ve probably already done that a few times! However, we would like to list a couple of reasons why it’s still very possible to sell a house during a pandemic.
First, federal mortgage rates have been at near record-setting lows. For this reason, many buyers have been looking to take advantage of them. This means that the pool of potential buyers has not diminished in many places.
Second, as businesses re-open and restrictions are lifted, many services related to real estate transactions are often among the first to be allowed to go back to work. The main reason for this is that when a house is sold, there is a beneficial ripple effect in the local economy for these services.