Buy or Sell with Melinda in Middle Tennessee

What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are  available  in relation to how many consumers  want to buy  that item. In residential real estate, the measurement used to decipher that ratio is called  months supply of inventory . A  normal market  would have 6-7 months of inventory. Anything over seven months would be considered a  buyers’ market , with downward pressure on prices. Anything under six months would indicate a  sellers’ market , which would put upward pressure on prices. Going into March of this year, the supply stood at three months – a strong seller’s market. While buyer demand has decreased rather dramatically during the pandemic, the number of hom

https://melindasellsmiddletennessee.com/what-you-can-do-to-get-your-house-ready-to-sell/ What You Can Do to Get Your House Ready to Sell What You Can Do to Get Your House Ready to Sell [INFOGRAPHIC] Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life. Tackling small projects from cleaning the corners you may normally skip to tidying up your yard are easy and necessary wins if you’re thinking of listing your house and making a move.

https://melindasellsmiddletennessee.com/what-if-i-need-to-sell-my-home-now-what-can-i-do/ What If I Need to Sell My Home Now? What Can I Do? Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home –  and fast.  While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible. Rest assured, with technology at your side and fewer sellers on the market in most areas, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the  National Association of Realtors  ( NAR ) and the  Centers for Disease Control and Prevention  ( CDC ). You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finall