Navigating the current climate can be a challenge—there’s a lot of uncertainty in the air, and guidelines and recommendations are changing daily. Coronavirus has affected the economy and industries across the board in an unprecedented way, and real estate is certainly no exception. As consumer spending decreases and layoffs and furloughs increase, many real estate professionals are questioning whether they should continue buying and selling investment properties as planned or hold off until we start finding normalcy again.
While the extent of the pandemic’s effects varies by state and region, there’s no reason to let the coronavirus stop you from selling your investment property. With record-low interest rates, there are many interested buyers still on the market—some of whom need to move and find a new home quickly regardless of the pandemic. And for sellers, having some extra cash on-hand amidst the uncertainty can’t hurt. We’re here to help you navigate through this unfamiliar selling landscape. Here are two ways Hubzu can help.
Utilize Hubzu’s Signature Seller Auctions
Through our Signature Seller Auctions platform, you can market your property entirely online without any human interaction, keeping both buying and selling parties safe. And with our online auction format, you can discover your property’s true market value and leverage our platform to effortlessly market the property to more than 1.7 million registered users.
With Hubzu, you’ll have full control throughout the process—including the ability to choose between selling or remarketing when the auction ends and working with your preferred listing broker. You will also have a dedicated Hubzu account representative for 24/7 support throughout the process, so you’re not on your own.
Additional considerations
Patience is key to selling your property during the current pandemic. Routine real estate processes that typically had a standard timeline may now take longer, as businesses and professionals are still adjusting to new guidelines and modifying their workflows accordingly.
Some buyers may be hesitant to buy with job security and monthly income becoming increasingly unpredictable but many buyers in the market are still looking to move, invest or take advantage of rock-bottom interest rates. While the current process may look a little different, there is no reason to hold off on selling your investment property to reap the profit.
For additional resources to help you navigate the current real estate market, please visit our COVID-19 resource hub by clicking here.
Ready to sell your property? Get started with Hubzu’s Signature Seller auctions.
