header_image
Property Search
Advanced Search
Your search results

6 COVID-19 Real Estate Myths

Posted by Hanna Selman on August 17, 2020
| 0
COVID-19 real estate myths

We all look at life a bit differently now! The way we work, dine, and yes, deal with the real estate market, has shifted in the past year. That also means that misconceptions have arisen—and they may negatively impact our plans. Don’t worry though—today, we’re explaining the truth hidden behind certain COVID-19 real estate myths.

Real Estate Isn’t an Essential Business

Essential businesses include real estate! After all, finding someone a place to live is a basic human need. That means the market has been moving throughout the pandemic—and Realtors have prioritized the ways to safely take care of clients.

You Will Lose Money

Wishing you could sell soon? You may have resigned yourself to the idea of selling at a loss, but that isn’t the case at all. The value of local homes continues to grow, so you can still net a tidy profit.

It’s Impossible to Safely View a Home

You may think that it’s impossible to safely view a home before buying. That’s not true at all! Your Realtor—like me—will take all social-distancing precautions before a viewing. Even if you don’t want to see a house in person, you can also schedule a Zoom or video tour. That’s how out-of-state buyers have gotten the job done for ages—and it works quite well.

There Are No Benefits to Selling Right Now

This is one of the biggest COVID-19 real estate myths that’s currently circulating. There are plenty of benefits to selling right now, such as less time spent of the market, less inventory to compete with, and growing home values.

The Market Is Weak

The market is strong right now, for both buyers and sellers! Though you may not have anticipated moving at the moment, this is a great opportunity for lower mortgage rates and for top profits.

Sellers Are Facing Endless Wait Times for Their Homes to Be Bought

Lee County has dispelled this myth entirely! Our homes are spending 6.6 percent less time on the market, according to the Alabama Center for Real Estate (ACRE).

Summary

COVID-19 real estate myths may have kept you from the market, but now that you know the truth, you have what you need to succeed. Well, all except one thing—an experienced Realtor! That’s where Ryan Roberts comes in to help. He can help you buy, sell, or both in the Auburn, Opelika, and Lake Martin area. Contact him here to get started. Finally, visit our blog to read up on the wide world of real estate.