Q: Why Is Our Market Like a Coiled Spring?

Our market has a lot of pent-up demand that will soon be released.

Right now, our real estate market is like a coiled spring. We know that it’s getting ready to explode soon. For the last few months, inventory has risen slightly, but things are changing now. Our average price is still up year over year, and this summer will be like a regular spring market. Buyer demand is increasing, and more and more sellers are getting their homes on the market. To learn more, watch this short video.

Q: How Do You Buy & Sell During COVID-19?

Buying and selling homes during COVID-19 isn’t as hard as you’d think.

How in the world can you buy or sell a house during the COVID-19 pandemic? It’s actually not as hard as it might seem.

If the property is vacant you can often view it in person with your Realtor as you would normally. However, if the home isn’t vacant, things will go a bit differently.

For an occupied home, your Realtor will need to bring preventative measures like masks and gloves to protect you, the homeowners, and themselves. Have the Realtor be the one to open cupboards, drawers, and doors with a gloved hand.

Many Realtors have also implemented sign-in sheets; these can help with contact tracing—if someone involved with the transaction does come down with COVID-19, we’ll be able to contact others who might’ve been exposed.

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  It’s just safer to make sure that you, your Realtor, and the homeowner are being protected.

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One other, easy safety measure is to have only your Realtor go into the homes that you wish to view and have them do a virtual tour via FaceTime, Google Meet, or a similar app. Once you’ve selected a home to put an offer on, then you and your Realtor can go in for an in-person walk-through.

Since Oregon isn’t a hotbed of viral spread we’ll probably begin to relax our quarantine measures in the near future. For now, it’s just safer to make sure that you, your Realtor, and the homeowner are being protected.

If you have any questions about buying or selling amid the pandemic or concerning real estate in general, please reach out via phone or email. I would love to help you.

The Main Dilemma for Homebuyers and Sellers Right Now

Whether you choose to enter the market now or wait until later doesn’t matter as much as the question of how the current conditions can help you. Here’s what I mean.

A lot of buyers want to buy and a lot of sellers want to sell, but when is it going to happen? We’re navigating a delicate crisis with plenty of health and safety concerns involved. Many are unsure whether they should wait or whether they should list now. Either option will work, but it all depends on what the pros and cons mean for your specific situation. To learn more about them, watch this short video.