Challenges of Selling a House in Phoenix
With coronavirus and a strained economy, there are many difficulties homeowners are facing when they want to sell. Considering selling your house during a global pandemic can be more than a little concerning. If you find yourself in just this situation, you will want to pay very close attention to these challenges homeowners are facing when selling a house in Phoenix during coronavirus. This includes ensuring health and safety during showings, adapting to the shifts in market demand, and managing potential delays and cancellations. Navigating these complexities requires careful planning and flexibility to successfully sell your home during these unprecedented times.
What are the Challenges of Selling a house in Phoenix during Coronavirus?
Selling a house in Phoenix during the coronavirus pandemic comes with unique challenges. Homeowners face health and safety concerns during showings, adapting to market shifts, and managing delays and cancellations. Understanding these obstacles is crucial for navigating the complex process of selling a home in such unprecedented times.
Precautions
Both pre-showing and post-showing cleaning precautions must be taken during COVID-19 for the health of yourself and anyone who walks through your house. Let’s face it, all the time and extra work involved in disinfecting every surface can become wearisome to sellers. Not only is it an added burden on you, but you may also find yourself in the position of having to trust in the buyer’s agent to be just as careful in cleaning everything as you would be.
You must trust that they will do so in the course of in-person, and what feels like biologically invasive showings at this time. Feeling confident their families will remain safe is one of the challenges of selling a house in Phoenix during coronavirus.
Furthermore, sellers must be vigilant in implementing social distancing measures during showings, limiting the number of visitors at a time, and ensuring that all parties wear masks. These additional precautions add layers of complexity and stress to an already challenging process.
Marketing
Due to the fast-paced changes in demand in the real estate industry, many agents find themselves overwhelmed. Without staying on top of today’s technology and lacking the ability to fully utilize digital tools, they fall behind in meeting the marketing demands and strategies required to bring buyers to your door.
Poor online marketing can literally be the difference between your home selling or sitting on the market. If your agent is utilizing all available technology, you can be certain that you will be covering all the expenses in their marketing plan. Homeowners are facing a heavy demand for online virtual tours and technologically savvy marketing when selling a house in Phoenix during coronavirus.
Additionally, effective online communication with potential buyers is crucial, as in-person meetings are limited. Agents must be adept at using virtual meeting platforms and digital document signing tools to facilitate the transaction process smoothly and efficiently. This heightened reliance on technology adds another layer of complexity for both agents and sellers.
Lack of Interest / Changing Priorities
Buyer’s priorities and demands in housing have evolved along with many other aspects of our lives affected by the disease. With the dynamics changing not only in living arrangements created by the economic downturn but in the homeschool revolution making more space imperative. Add in either one or more of the adults in the household working from home, which will require quiet space, and you can begin to see the picture: the more space available, the better.
There are fewer larger homes on the market, as the previous trend was in downsizing. This is a problem many homeowners are now facing when selling a house in Phoenix during coronavirus. Likewise, if someone is moving during this time, it’s likely they are in need of a ready-to-move-in dwelling. You may be feeling extreme pressure if you are in a position where you cannot afford repairs or maintain your home.
Delays and Cancellations
As changes to the rules governing business continue to evolve, it’s imperative to keep on top of the latest developments for your city and state, which have negatively affected real estate transactions due to delays. Homeowners are facing multiple delays in closing. As potential buyers encounter ever-changing challenges, which can also cause cancellations, sellers continue to lose deals and have to start again from scratch when trying to sell their Phoenix homes during coronavirus.
Moreover, some transactions face prolonged approval processes from financial institutions, which adds another layer of frustration for both buyers and sellers. This constant state of flux requires sellers to be exceptionally patient and adaptable, adding to the overall stress of the selling process during the pandemic.
Stress
Last but not least, people are facing high levels of stress from living through a unique time in history and dealing with moment-to-moment changes. Just imagining that groups of people will be going through your own home can be extremely disquieting, especially under the looming threat of the serious illness which COVID-19 can become.
In most cases, moves are happening due to job loss or hardships from the illness itself, which can be devastating even during the best of times. Should there be delays in your home selling while you are being forced by circumstances to carry out the move, it can mean up to double your usual expenses or more. Not only this, but there are also all the health concerns of how the movers handle your belongings and prepping the property before moving your family in.
All of this with no guarantee of a timeline until you finally have a closed sale and cash in hand. The weight on your shoulders is magnified when trying to sell your Phoenix home during coronavirus.
READ: Selling Houses in Phoenix During Coronavirus
Contact Us Today and Get a No Obligation Offer!
It can be more than overwhelming when considering all that homeowners are facing when trying to sell their Phoenix homes during coronavirus. Oak Street Properties can help you avoid the pitfalls of possible exposure, poorly marketed property, buyers continually canceling, or even a potential lack of interest in your home.
There is no need to be concerned about coronavirus any longer—we will handle everything for you, explaining every step along the way and giving you a definite closing date! Just sell directly to Oak Street Properties instead of worrying any longer. Send us a message or call (480) 637-5500 today!