Every day that passes, people have a need to buy and sell Boston real estate. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your Beacon Hill condo or Seaport condo – and fast. While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible. Rest assured, with technology at your side and fewer sellers on the market in downtown Boston, you can list your home and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).
Real Estate and Life Changes
You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Boston condo buyers have those needs too, so rest assured that someone is likely looking for a home just like yours.
According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current homebuyer interest. That said, 10% of agents said in the same survey that they saw no change or even an increase in buyer activity. So, while Boston condo buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.
Boston Real Estate Buyers are Spending more time of the Internet
Here’s the other thing – people are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country. Buyers are actively looking at Boston real estate for sale online. On this website, we’ve seen our readership increase, not decrease in the last few weeks. Some of them are reaching out to the Ford Real Estate staff for virtual tours and getting ready to make offers too. Beacon Hill condos are being sold in this market.
There Is Less Competition Right Now for Boston Real Estate
NAR survey indicates that 56% of members said sellers are removing their homes from the market right now. This can definitely work in your favor. If other downtown Boston real estate sellers are removing their listings, your home has a better chance of rising to the top of a buyer’s search list and being seen. Keep in mind, listings will pick up again soon, as 57% of the respondents note that sellers are only planning to delay the process by a couple of months. If you need to sell right now, don’t wait for the competition to get back into the market again.
This year, delayed listings from the typically busy spring season will push into the summer months, so more competition will be coming to the market as the pandemic passes. Getting ahead of that wave now might be your biggest opportunity.
A Ford Realty Inc. Trusted Real Estate Advisor Can Help
Our Boston Real estate agents are working hard every single day under untraditional circumstances, utilizing technology to help both buyers and sellers who need to continue with their plans. We’re using virtual tours to show Beacon Hill homes currently on the market, staying connected with the buyers and sellers through video chats, and leveraging resources to complete transactions electronically. We’re making sure the families we support remain safe and can keep their real estate needs on track, especially as life is changing so rapidly.
Boston Real Estate and the Bottom Line
Beacon Hill homes are still being bought and sold in the midst of this pandemic. If you need to sell your Boston condo and would like to know the current status in our local market, let’s work together to create a safe and effective plan that works for you and your family.
