We all expected COVID-19 would put a damper on the real estate market this year. However, that has definitely not been the case in the San Francisco Bay Area! If you have been considering selling your home and wondering if you should, consider some key reasons why this might be a perfect time:
It’s a seller’s market
While the market is very active right now, there simply are not enough homes for sale. This means that homes priced right will sell in a matter of days if not hours. We are currently receiving multiple offers on homes.
Real estate agent and a couple wearing protective masks while discussing.
Interest rates are at an all-time historical low
Throughout 2020, interest rates are expected to remain low which is beneficial for buyers getting financing for their home purchases. Many buyers are seizing on this great opportunity and for sellers, this means a huge demand for homes.
You have a lot of equity
If you have always wanted to buy your dream home and you have a lot of equity in your current home, now is the time to buy. The equity you have in your current home means a larger down payment towards your next home.
Time to move?
If you have been thinking about wanting to move to a different neighborhood or city, the timing may be just right. With our strong seller’s market and low-interest rates, it may be the perfect opportunity to make the move you have long been thinking about.
If you are still wondering whether you should sell your home, an experienced professional real estate agent can help you answer all your questions. A realtor can assist you to navigate the complexities of the home selling process including guiding you through some of the key decisions such as:
- What steps do I need to take to prepare my home for sale?
- What is the right price for this active market?
- When is the right time to sell?
- How do I manage the showing of my home safely?
- How do I stage my home so it sells quickly?
Every real estate market is unique and it is best to get an experienced real estate agent who is familiar with the local market to help you navigate through the process.
As a top producing agent with 20+ years of experience in the East Bay, I have guided hundreds of clients to sell their homes in the Greater San Francisco Bay area and the counties of Alameda and Contra Costa. My experience as a former appraiser allows me to help my clients understand the market and help them understand their options. If you have any questions, I am here to be a resource for you.