The real estate industry is still very much active despite the pandemic. With the onset of technology and the constant demand for more properties, it seems like the COVID-19 virus isn’t enough of a hurdle to put a pause on real estate transactions. If you’re a real estate investor looking to buy or sell properties, don’t worry because it is still very much possible in this time and age. Here is a practical guide on how to buy and sell real estate during this pandemic.
Reconnect With Your Network
If you’re an experienced real estate investor, then this is a good time to reconnect with your network. Scrounge up your contacts and see if there are potential clients, partners, or even a real estate agent Bethesda who are interested in transacting with you. These contacts may also have people within their network who may be interested in purchasing or selling to you.
The same technique can be applied if you’re a first-time buyer or seller. Your contacts can contain valuable individuals who may be just who you need.
Selling Is A Good Move
If you’re an agent with a roster of clients, urge them to sell their properties before the market values of the properties drop even further. That’s because the pandemic has undoubtedly negatively impacted the economy, and with economic turmoil, most property values likewise go down.
Additionally, properties that are primed to sell shouldn’t be put off because it won’t make sense. The pandemic has no signs of going away any moment soon. This means that this uncertainty can just further drag property prices down. It’s better to act within the certainty of short-term returns rather than waiting for a long-term turnaround that is not even guaranteed.
Stage Homes Beautifully
Presentation is everything, especially when selling properties. When selling houses, make sure to stage them beautifully. This is a good technique to entice potential buyers into seeing the beauty and potential of the location.
The pandemic lessens personal viewing appointments which means that most of the viewings will happen online. As such, your priority should be to get beautiful yet accurate photos so that your property will appear appealing to your target market. It goes without saying that you should be as transparent as possible so that your viewer will get the full scoop of the place.
Advertise Your Listing
Once your listing is already online, the next step is to ensure that it reaches your target market which involves potential buyers. You have the option to post on all platforms, from social media to real estate consignment sites. Tap a real estate agent Bethesda for help and marketing. Getting the word out is the best way to make a sale.
You may spend on targeted ads so that your listing will be shown before your desired buyers. You may also have your listing as a part of legitimate real estate companies like thedcteam.com so that your property’s visibility will be boosted. Conversely, companies like the aforementioned are also excellent places to look at when you’re looking to buy.