“Today, the market’s changing, and buyers can usually be more selective and take more time to explore their options.”
Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why.
At the height of the buying frenzy seen during the pandemic, there was a rise in the number of homebuyers who put offers on houses sight unseen. That happened for three reasons:
- Extremely low housing inventory
- A lot of competition from other buyers wanting to take advantage of historically low mortgage rates
- And general wariness of in-person home tours during a pandemic
Today, the market’s changing, and buyers can usually be more selective and take more time to explore their options.
So, in order to show your house and sell it efficiently, you’ll want to provide buyers with as much access as you can. Before letting your agent know what works for you, consider these five levels of access you can provide. They’re ordered from most convenient for a buyer to least convenient. Remember, your agent will be better able to sell your house if you provide as much access to buyers as possible.
- Lockbox on the Door – This allows buyers the ability to see the home as soon as they are aware of the listing or at their convenience.
- Providing a Key to the Home – This would require an agent to stop by an office to pick up the key, which is still pretty convenient for a buyer.
- Open Access with a Phone Call – This means you allow a showing with just a phone call’s notice.
- By Appointment Only – For example, you might want your agent to set up a showing at a particular time and give you advance notice. That way you can prepare the house and be sure you have somewhere else you can go in the meantime.
- Limited Access – This might mean you’re only willing to have your house available on certain days or at certain times of day. In general, this is the most difficult and least flexible way to show your house to potential buyers.
As today’s housing market changes, be sure to work with your local agent to give buyers as much access as you can to your house when you sell.
Bottom Line
Don’t Wait To Sell Your House
If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low.
Hope Is on the Horizon for Today’s Housing Shortage
Despite today’s low inventory, there is hope on the horizon. As the country continues to reopen, more homes will be listed for sale.
The Right Expert Will Guide You Through This Unprecedented Market
Finding the right agent should be your top priority when you’re ready to buy or sell a home.
Home Price Appreciation Is as Simple as Supply and Demand
The reason prices continue to accelerate is that housing inventory is still at all-time lows while demand remains high.
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
Today, the asking price is often becoming the floor of the negotiation rather than the ceiling.
Why You May Want To Cash in on Your Second Home
If you purchased a larger second home during the pandemic, will you continue to use it or should you sell and cash in?