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Archive for March, 2020

Should I take my home off the market? Is anything selling during COVID-19?

J. Andrew English J. Andrew English
Tuesday, March 31st, 2020

First and foremost, whether you want to allow people into your home is a decision that you should make along with your medical professional. In the event you are willing to allow showings, homes are still selling in many states. One state that we have seen multiple properties go under contract in during the last 10 days is Arizona. Since March 20th, we have had multiple AZ properties go under contract. Including 5 in the last 3 days.  Outside of AZ, we had a CA listing that went under contract within 48 hours of listing. We have also seen multiple properties that we have listed go under contract in NV in the last few days. In DFW, TX, a new listing yesterday already has an offer today.

This is not to suggest that now is the most ideal time to list your home. However, you have to weigh the pros and cons. Right now, many seller’s are pulling their homes off the market. When they will return these homes to the market remains to be seen. However, if you pull your home off the market or you wait to list your home, you have to consider the possibility that the market may see a flood of inventory when this pandemic passes.

 

CA MLS – CRMLS Open House update – 03/21/2020

J. Andrew English J. Andrew English
Saturday, March 21st, 2020

Statement from CRMLS – “In light of Governor Newsom’s Executive Order and CAR’s recommendations, CRMLS is in the process of removing open house options from all CRMLS systems.”

At the moment, this means than CRMLS is removing the option for any Realtor to post an open house notice in the CRMLS in California. We will continue to post updates as more information is made available.