It’s been more than a month since shelter in place rules have been lifted in Georgia, and as a home buyer or seller, that means you may be thinking about your next move and how you can stay proactive to position yourself to make your real estate dreams come true post-COVID-19. While we are living in unique times with particular market conditions, knowing what you have to work with can help you get ahead.
For buyers and sellers: Stay up-to-date about the market
If you were already in the process of buying or selling a house before COVID-19 hit, then you are likely already familiar with the market in Atlanta. The median home value in Atlanta is $299,308, Atlanta home values have gone up 3.4% over the past year, and Zillow predicts that they will fall -1.5% within the next year. If you are a prospective buyer, you may want to go forward with your plans now because interest rates are extremely low and the inventory is growing as we move into the summer market.
For sellers: Get your home in shape
In a buyers’ market, especially now, when people may be ready to buy in the post-COVID-19 world, as a seller, you may be facing increased competition. You can consider some DIY home staging, moving furniture around and changing lighting to create a space that will be inviting for potential buyers. Curb appeal is another area to tackle, assessing your front yard and weeding, or planting fresh spring flowers. If you want to take it up a notch, you can hire a professional stager to give you that extra advantage.
For buyers: Research your dream home
If you are a buyer and you want to wait a bit longer post-COVID-19 to see if the prices decrease even more, now is the time to focus on what you want in your next home. Spending extra time at home during Covid-19 may have cast a spotlight on what those features might be. It could be that you realized your family really needs two bathrooms instead of one, or you may have discovered a love of baking and desire a double oven, or maybe your wish is for a larger backyard for everyone to enjoy this summer. Thinking about what you want now and what location works best for you, can make it easier for you to find that perfect home.
For buyers and sellers: Go virtual
As many social activities like yoga classes, happy hours, and chats, moved to the virtual realm during Covid-19, so too did home tours and open houses. As a seller, if you haven’t already considered creating a virtual tour of your home, this can be a great way for you to stay on-trend and ahead of your competition, and is one of the top tips for selling amid Coronavirus. As a buyer, searching for homes virtually can help you get a better idea of what you want, and even save you time by looking at homes from anywhere. While in-person showings will return in the post-COVID-19 world, going virtual can open up the possibilities for buyers and sellers.
There’s a lot to consider when you are buying or selling a home, and doing so now, post-COVID-19, adds extra layers of complexity. By keeping an eye on market shifts and trends and working with your agent, you can position yourself well to buy your next home, or sell the one that you are already in.