Let’s take a look at the Glendale Real Estate Update: March 2020. Because of the coronavirus, some Glendale escrows have canceled, while others have had renegotiations (discounts) just before closing. The absorption rate for 2020 is lower this year than last. But many of March’s closings reflect transactions negotiated in February. Keep reading my real estate blog to learn how the coronavirus impacts the Glendale real estate market.
Is now a good time to list your Glendale CA home for sale? It depends on your family’s circumstances. Is anyone in your household high risk? Even if you want to hold off, there is no reason not to get the marketing in place. Professional photos, property brochures, and videos can be done now with minimal intrusion.
While many home sellers are holding off, now could be an opportune time to get your home on the market. While other sellers are waiting, your home has a better chance of being noticed. Keep in mind that listings will pick up again soon, as most of these potential home sellers are planning to delay the process by several months. Marketing and showing your home during a pandemic are very different.
Call Phyllis to discuss which option works best for you and your situation.
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