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  • Camille Haynes

Is New a Good Time to Sell Your Union - Essex County Home in Light of Covid-19?

Updated: May 1, 2020

When it comes to the pandemic, things are fluidly moving. This includes the real estate market activity and how to sell effectively and safely during these times.

How is the real estate market activity?

As to be expected, there are significant changes in the real estate market from one year ago. The amount of new homes listed for sale has dropped 30% in Essex County from March 2019 to March 2020. Union County showed similar numbers, with new homes for sale down 25%. Week three projections for April 2020 show a dramatic decline of 55% in NJ contract sales year-on-year.

From a seller's perspective, this might provide an optimal time to sell your home. With limited competition on the market a seller considering placing their home on the market. Buyers are anxiously waiting for the opportunity to start shopping for homes, but if the right opportunity comes on the market they will come out to view.

Preparing for a possible home sale

Although the market is limited in inventory, it's still imperative to make sure you prepare your home prior to selling. This is not the market to have your home sit stagnantly!

When preparing for a home sale you can:

  • Make all necessary home repairs and remove all possible negative items that could potentially impact the sale of your home

  • Make sure this is a process your family will comfortable with. If you have the ability to have the home vacant prior to having in for sale, do that.

  • Make sure the agent you hire has a "safe home" showing process set up to limit the number of items a prospective buyer touches in the home

  • Hire an agent that has a virtual listing package available to potentially limit the number of showings at the home

Now, it is more important than ever to review the options available to protect the safety and welfare of your family.

Your Next Step

If you prepared to take the next step of selling your home, now or in the near future. Contact Camille today to discuss your option.

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