NOW’S THE TIME TO SELL – HERE’S WHY

As parks come alive with socially distanced picnics and cautiously-spaced lines lengthen in front of ice cream parlours, Quebecers are gradually learning to navigate life during the pandemic. The real estate industry, whose brokerage activities resumed on May 11th, is no exception. That said, the coronavirus crisis has caused changes that are still being felt in the market. Fear continues to immobilize sellers who were eager to transact at the beginning of the year. While the concern about opening their doors to visitors potentially carrying the virus is quite understandable, delaying the sale of a property could end up disadvantaging them. 

Indeed, the real estate inventory is more limited than ever, which means that people wishing to sell their property during the COVID-19 crisis could be rewarded with faster and more successful transactions than usual. 

At the beginning of 2020, it is estimated that there was one property for sale for every five or even ten buyers on the market. The inventory is even more reduced since the beginning of containment. This means prices remain stable and even tend to increase! However, this favourable trend will not last forever and sellers should seize the opportunity before it ends.

It should also be noted that many of those who wish to purchase a home during the pandemic often have an imperative to act quickly. Some have to relocate, others are undergoing family restructuring. These people, therefore, do not have the time (or the desire) to wait and see “how things play out”. As for the sellers, they won’t have to wait very long before posting a “sold” sign in front of their lot!

Of course, health comes first. In order to ensure that each transaction is conducted in complete safety, Groupe Lamarre has implemented a fail-proof hygiene protocol. In addition to this, we maximize virtual appointments for first visits, presentations and even the signing of documents. 

Are you ready to start selling your property? Book an appointment for a free virtual consultation. In 15 minutes, we will give you the value of your property during COVID-19. We will also be able to talk to you about the state of the mortgage market and share with you our strategy for a successful transaction in this unusual context.