| Pros & Cons of Selling During Coronavirus 

Using history as a guide, this will end, and although we may be in for a bumpy ride, we will come out the other side and life goes on.

The real estate industry is making effective use of online technology.
Coronavirus may have temporarily changed some of the ways we transact real estate. But the industry has been very quick to adapt and adopt virtual technology.  While we have the current Coronavirus restrictions most real estate activity will be in the online environment.

Real Estate Tech

• Video conferencing like Zoom is commonly used.
• Virtual appraisals of your home.
• 3D online virtual tours.
• Live viewings using online video.
• Online auctions.
• Digital floor plans.
• Electronically signed documents.

These are some of the many technologies your real estate agent is using to successfully sell your home.  Depending on the conditions, you may still be able to request one-on-one appointments.  Please discuss this with your agent.

Pros of Selling Now

• There is less competition, fewer homes on the market.
• There are buyers who have just sold & really need to purchase.
• There are buyers who have been looking for a long time, and need to purchase a home.
• Only qualified buyers get to inspect your home.
• The smart money realise that Real estate is less volatile than the share market at the moment.

It is important to weigh up your financial position, and rationally weigh up the pros and cons of selling now.

Cons of Selling Now

• There is a lot of uncertainty. 
• There are less buyers in the market. Although the buyers that are in the market are serious buyers.
• There are obvious restrictions for inspections.
• Both buyers and sellers need to adapt to doing many things in the online environment.

You are best to have an open conversation with your real estate agent about the best way forward.   People still need to sell and people still need to buy.