At first blush, the idea of listing your Dallas house during today’s emergency conditions would seem impractical—but it turns out to be entirely doable. There are even some plusses.
Some sellers apparently agreed. Last week’s Forbes magazine offered an interesting view from one area where home sales rose significantly in March. A local agent there realized a human dimension that seemed to be affecting clients during this period. As people spent more time at home than ever, they were also appreciating how important having the right home base really was. As the agent observed, “I can’t think of a time when people around the world have depended on their homes more completely than they do right now.”
One usual concern that might disappear has to do with the “Days on Market” number. The DOM listing figure is commonly regarded as a negative. Even if current conditions result in fewer prospects appearing, the resulting greater DOM would usually signify a property that’s less appealing. In normal times, it’s easy for buyers to imagine that the seller might be growing impatient (and perhaps willing to settle for a low-ball offer).
In the current situation, though, the negative power of DOM is likely to lose its punch. If July’s buyers see a “90 Days on Market” attached to an otherwise appealing listing, they’re unlikely to assume a problem with the property. The overriding problem was certainly COVID-19! For Dallas homes that were listed during the pandemic, the DOM number might as well have an * by it
There is also a high likelihood that potential buyers with extra time on their hands will be spending more time browsing through the Dallas listings. As people prepare for the resumption of business as summer approaches, having your property’s virtual tour online during this period is the best way to capture their interest—for immediate follow-up, or for later, when restrictions ease.
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Bion is an Associate Real Estate Broker at Maximum One Greater Atlanta Realtors. Phone: 404-942-9897. firstname.lastname@example.org.
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Bion Grady specializes in short sales in Douglas County Georgia. Douglasville Pre-Foreclosure Help, Douglasville Short Sales. Douglasville Short Sale Realtor Douglasville GA Short Sales. Douglasville Homes for sale. Paulding County Georgia. Dallas Pre-Foreclosure Help, Dallas Short Sales. Dallas Short Sale Realtor Dallas GA Short Sales. Dallas Homes for sale. Hiram Realtor. Hiram Pre-Foreclosure Help, Hiram Short Sales. Hiram Short Sale Realtor Hiram GA Short Sales. Hiram Realtor. Hiram homes for sale.