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    Real Estate you should know

    Low Inventory Might Help You Sell Your Home During COVID

    Thinking of Selling Your Home Soon? You Might Have an Edge... Less is more when it comes to successfully selling your home...

    • Susana Murphy
    • May 21st, 2020
    • 5 min read

    Thinking of Selling Your Home Soon? You Might Have an Edge...

    Less is more when it comes to successfully selling your home during the COVID pandemic. That’s because if you’re still going ahead with your plans to sell right now, there’s dramatically less competition on the market—and this might be true for the coming months ahead, too. 

    Usually, the spring months bring a surge of listings to the market. Depending on your area, there would either be a comparable surge of buyers eager to relocate, or more properties than there are interested buyers. Of course, what used to be typical is no longer, as we all adjust to the new phases that will be rolling out and day-to-day headlines. 

    While many would-be buyers have decided to hold off on their plans to purchase, there are still potential buyers looking to take advantage of low-interest rates, the possibility of fewer competing buyers, and the tech that’s allowing open houses to still happen (albeit virtually). In the mix, too, are potential buyers who have to move due to life changes, employment, and other personal reasons that make right now their time to make a move. 

    With fewer “for sale” signs in your neighborhood, you’re possibly in a great position to find a great buyer for your home. However, there are a few things to keep in mind to make sure you can benefit from this unexpected positive.

    Less competition = more focus on potential issues.

    Even if a buyer has a pressing need to move ASAP with fewer options to consider there’s more time to take a critical eye to what’s available. Mainly, the attention will be paid to issues relating to condition over style. With an unknown timeline for life getting back to normal, there’s also an unknown timeline for a potential new owner to embark on a renovation, being able to hire professionals to make fixes or longer wait times for deliveries (especially for DIYers). Addressing key conditions and cosmetic issues now will help nudge a buyer towards your home versus another. 

    Camera appeal is now just as important as curb appeal.

    The virtual “open house” is a must right now due to social distancing guidelines that restrict gatherings. This means that your realtor will either record a walk-through, host livestream tours, or schedule tours via FaceTime or Zoom. However, the same tech that makes virtual tours convenient can also distort many aspects within your home. For instance, paint colors might appear off, interior lighting can create a yellow cast, shadows may appear darker and clutter can look worse than it is.

    Have masks, gloves, and other precautionary safety measures on-hand.

    After a virtual showing, serious buyers will want to come by to see your home in person. Your realtor will give you more notice when an in-person showing will occur, to allow you time to find a place to go to while the showing happens. Beforehand, follow all the safety precautions to disinfect your home. Keep extra masks and gloves available (in sealed packages) just in case the buyers do not have them on hand. Reduce the chance of contact with surfaces by leaving all lights on and interior doors open. Once the showing is over, do another clean-up to disinfect commonly touched surfaces.

    Expect some delays.

    While your realtor has been adapting to the new process of selling a home during a pandemic, other key parts of the process can face delays.  Issues that could be resolved with a quick meeting may go back-and-forth as many will continue to work remotely through the summer. Limited bank hours might also affect a potential buyer’s ability to get financing. Stay calm when faced with delays, because that is the one thing that can be predicted during this uncertain time. 

    Stay on top of your own home search.

    With so many moving parts and new announcements daily, it’s even more important to have a new home lined up once you’re ready. That’s because short-term and seasonal rentals (and even Airbnbs) might not be available in many areas for when you’re between homes, due to new local regulations. This is particularly true in beach towns and other areas that are popular with tourists.

    Whether or not reduced inventory due to COVID-19 concerns can help you sell your home will depend on your area and the overall demand. With the exception of cleaning routines, though, the above advice will apply to increase the odds of a successful sale. Staying prepared (and keeping a positive attitude) goes a long way no matter when you plan to list your home for sale.

    Wondering What Low Inventory Means For You?

    Schedule a call with one of our listing specialists to determine what your best options are. 

    Let's Talk

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    About the author

    Susana Murphy

    508-345-5632
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    I'm Susana Murphy, and I founded ALANTE with a clear vision and a passion for redefining what real estate should be. Let me share with you why ALANTE exists, what we stand for, and what we aim to offer both our valued clients and our dedicated agents. ALANTE Real Estate wasn't just a business venture for me—it was a calling born out of a deep-seated belief in doing things differently, and doing them better. Having been in the real estate industry since 2005 myself as a top producing Realtor, I saw firsthand the immense potential for innovation and improvement. I recognized that traditional practices were falling short in meeting the evolving needs of clients and agents alike. My vision for ALANTE was simple yet profound: to elevate the real estate experience by combining cutting-edge technology combined with story driven marketing and timeless values. In an industry often defined by transactions, I wanted to focus on service. I wanted to create a space where clients felt heard, valued, and supported every step of the way, and where agents could thrive in an environment that prioritizes collaboration, growth, support and integrity. At ALANTE, we believe in offering our clients more than just transactions—we offer them transformative experiences. We understand that buying or selling a home is not just a financial decision; it's an emotional journey filled with dreams, aspirations, and life-changing moments. That's why we approach each interaction with empathy, expertise, and a genuine desire to exceed expectations. For our agents, ALANTE is more than just a brokerage—it's a community of like-minded professionals committed to excellence. We provide our agents with the tools, training, and support they need to succeed, all while fostering a culture of mutual respect, collaboration, and continuous learning. We believe that empowered agents create exceptional experiences for our clients, and that belief is at the core of everything we do. In an industry that's constantly evolving, we remain steadfast in our commitment to innovation and adaptability. We embrace technology not as a replacement for human connection, but as a catalyst for enhancing it. From advanced marketing strategies to streamlined processes, we leverage technology to enhance efficiency, transparency, and results. We don't just meet industry standards—we set new ones. We believe in raising the bar and redefining what it means to be a leader in real estate. Our dedication to excellence, integrity, and client satisfaction sets us apart, and it's what drives us to continually push boundaries and exceed expectations. So, whether you're a client looking for a personalized, unparalleled real estate experience or an agent seeking a supportive, forward-thinking brokerage, we invite you to join us on this extraordinary journey. Together, we're not just reimagining real estate—we're elevating it to new heights. Welcome to ALANTE Real Estate, where your vision meets our passion.

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