With every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic.

If you’ve recently had a major life change, whether with your job or your family situation, you may feel the need to sell your Staten Island home as quickly as possible. 

TECHNOLOGY IS ON YOUR SIDE

Although the current pandemic is a difficult challenge, making a move is still possible.

With technology at your side and fewer sellers in the Staten Island market, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines embraced by the Staten Island Board of Realtors® (SIBOR)

Situations vary. You may have a new baby, or a new employment situation. Perhaps a parent has moved in with you. You may have built a new home that’s finally ready to occupy, or some other major part of your life has changed in recent weeks.

BUYER ACTIVITY

Buyers have needs too, so rest assured that someone is likely looking for a home just like yours.

According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current home-buyer interest. That said, 10 percent of agents said in the same survey that they saw no change or even an increase in buyer activity.

So, while buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.

Here’s the other thing: People are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country.

Buyers are actively looking at homes for sale online. Some of them are reaching out to real estate professionals for virtual tours and getting ready to make offers too. Homes are being sold in many markets.

Less Competition Right Now

The same survey indicates that 56 percent of NAR members said sellers are removing their homes from the market right now. This can definitely work in your favor.

If other sellers are removing their listings, your home has a better chance of rising to the top of a buyer’s search list and being seen.

Keep in mind, listings will pick up again soon, as 57 percent of the respondents note that sellers are only planning to delay the process by a couple of months. If you need to sell right now, don’t wait for the competition to get back into the market again.

This year, delayed listings from the typically busy spring season will push into the summer months, so more competition will be coming to the market as the pandemic passes. Getting ahead of that wave now might be your biggest opportunity.

Staten Island Real Estate Professionals

Staten Island real estate professionals, Realtor members of the Staten Island Board of Realtors® (SIBOR) are working hard every single day under untraditional circumstances, utilizing technology to help both buyers and sellers who need to continue with their plans.

Staten Island real estate professionals are using virtual tours to show homes currently on the market, staying connected with the buyers and sellers through video chats, and leveraging resources to complete transactions electronically.

SIBOR’S Realtor members are making sure the families they support remain safe as they keep their real estate needs on track, especially as life is changing so rapidly.

Bottom Line

Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status in our local market, a Realtor member of the Staten Island Board of Realtors® (SIBOR) can guide you in creating a safe and effective plan that works for you and your family.

The information contained, and the opinions expressed in articles, videos, or infographics posted or shared by the Staten Island Board of Realtors® (SIBOR) are not intended to be construed as investment advice. SIBOR does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. SIBOR will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.