After many families put their home buying plans on hold due to the COVID-19 pandemic, the busy spring real estate season has shifted into the summer. In typical 2020 fashion, nothing is predictable in real estate, summer is the new spring for real estate.
Historically low mortgage rates have given buyers a great incentive to continue looking for the perfect home, and buy! Making it no mystery why this gem of a home in Winfield was snatched up and sold quickly.
This charming house features three bedrooms, with a bonus room and two full baths. It is full of character with a great layout. The large master bedroom is on the first floor and the home features updated bathrooms. In addition to new bathrooms, the home has a brand new roof, new side deck and newer floors. With a great location just minutes away from Metra station, Cosley Zoo, Downtown Wheaton, restaurants, and the forest preserve trail it’s no wonder this was a buyers dream.
So what about sellers?
Clearly it’s a great time for buyers, but what about sellers? It’s good news there too. Here’s why. Much of the real estate inventory came off the market in the spring due to the pandemic. This drop in inventory can make finding a home to buy a challenge. And although this summer more people are now putting their houses on the market, current inventory is still well below last year’s level. This means it’s a great time to list your home.
If you’re thinking of selling your house, now may be your best opportunity. With so few homes on the market for buyers to purchase, this season may be the time for your house to stand out from the crowd.
How to begin
You may be thinking, where do I start?! Simple, give Sam a call or shoot her a text and she can help you through the entire process. She is an expert at navigating both sides of the real estate equation; buying and selling.
Curious what your house is worth? Sam offers a free market analysis. Whether you’re looking to sell now or sometime in the future, or maybe you’re thinking of doing a refi, it’s always a good idea to work with a local realtor to determine what your house is worth. Don’t rely on websites like Zillow and Realtor.com. Turn to an expert to help you determine a fair market value based on what has recently sold and based on the condition of your home. Sam is here to help! #MoveSmarterWithSam