Macomb County Michigan: How to Sell Your Home During the Pandemic

CLINTON TOWNSHIP, Mich. - March 22, 2020 - PRLog -- Sellers rejoice! The abundance of buyers flooding to the Housing Market to take advantage of low-interest rates means your home will be in HIGH demand—you can sell fast and for more money! The demand for homes right now is higher than the supply, so you can expect that if you put your house on the market, you'll get multiple offers in no time. To sell your home during these times, talk to your Realtor about making your house very viewable in an online setting. Create a virtual tour of your residence, have plenty of pictures and videos, and provide a detailed description. Unless necessary, conduct meetings via video chat and only give in-person tours to serious buyers. During these visits, offer shoe covers for your guests, hand sanitizer, don't invite anyone in that is sick, and above all else, don't conduct a tour if you are sick yourself.

Good News for The Housing Market

How could the Housing Market go up during a recession, you ask? When the Stock Market dips, investors consider it to be too risky, so instead, they look for safer places to invest their wealth. Bonds and Real Estate are some of the most common places investors turn to during times like these. The higher the demand is for Bonds—like right now—the higher the price becomes, and the lower the interest payment is relative to the price. When these yields are lower, mortgage rates are lower, too. Mortgages rates were down to 3.29% last week compared to last year during this time when they were 4.41%. Investors looking to Real Estate as a safer place to put their money follows the same trend as Bonds, which is why interest rates are down.

What Now?

We encourage those who were on the road to buying/selling this season to continue on that path, and those who weren't, to jump in! The Housing Market is booming behind the curtain of fear Coronavirus has covered us with, and we want you to take advantage of these unique Housing Market conditions. Follow precautions, be mindful, and get ready to sell faster and for more money!!

This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.

Thinking about selling your Macomb County home or condo and want to know what it would sell for in today's market. visit  http://www.ezhomeprice.info