COVID-19 and Brevard’s Real Estate Market
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Why Selling Your Home During the COVID-19 Crisis Could Be a Good Idea?
If you have been thinking about selling your home, now is the time to do it. The housing market has a high demand but a low inventory. For this reason, I would like to share how life during COVID-19 has not stopped, it has adjusted and moved to a digital landscape. People are still changing jobs, getting promotions, retiring, and most importantly relocating.
The Brevard real estate market has seen a boom in the last few years and this growth has not disappeared because of the virus. There is still a high demand for Brevard real estate. Here are three main reasons for continued movement to the Space Coast of Florida.
- The first is that interest rates are low right now. Buyers are able to get fantastic deals on mortgages.
- The second is that people are fleeing cities and Orlando is right around the corner. Living in 500 square feet apartments for thousands of dollars is less appealing when you work from home and cannot really go out.
- The third reason is that the new wave of working from home is giving people the opportunity to live wherever they want.
This pandemic has scared a lot of potential sellers into thinking it is not a good time to list their home on the market. Yet keep in mind there are potential homeowners wanting to enter Brevard County and the reason homes are selling quickly.
Unlike the 2008 housing crash, property prices are staying stable. Therefore, due to high demand, stable prices, low interest rates, and all-time low inventory, now is the perfect season to sell your house. You may not believe it but houses in Brevard County are selling quickly and for top dollar.
How Home Sales Have Changed
As a listing agent, I have seen that sellers are wary of bringing unknown strangers into their homes. As a selling agent, I have seen that buyers are afraid of coming in contact with too many people. The digital landscape has created new processes for real estate transactions.
Open houses can happen through digital walk-throughs and has become key in the home buying process. Many people have purchased homes in the last few months without even seeing them in person.
Document signing is another aspect of home buying that has gone digital. As of 2019 it is legal in Florida to have your documents remotely notarized, so do not be surprised if you have to sign your contract while on zoom.
Professional Property Searches
Currently Brevard County is experiencing a shortage of new home listings. Due to COVID-19, listings have decreased over the last few months yet demand has not slowed down. With fewer listings available, searching for the right home has become more difficult.
When there are less houses for sale it is harder to find that “right one”. You need to have a top real estate agent who is familiar with the area. Having someone who knows the community will give you a leg up in your search. With low inventory you need to know about homes as soon as they are available.
Why Misty Morrison is The Real Estate Agent You Want During COVID-19
Misty has been a real estate agent in Brevard since 2004, which means she has seen it all. Throughout this pandemic she has been able to remain a top 20 agent in Brevard.
She remains a top agent because of her experience, integrity and customer service. If you have heard of Misty, it is probably through a former client. Home buyers and sellers have trusted her for over 16 years. She was born and raised in Brevard County, this gives her an irreplaceable in-depth knowledge of the area.
If you are still wary about listing your home, one conversation with her will convince you otherwise. Now is the time to sell your home and all you have to do is pick up the phone and call (321-209-1523)