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Marx-Bensdorf logo
  • Home
  • About
    • Our Realtors
    • Real Estate Resources
      • FAQs About Memphis
      • FAQs For First Time Home Buyers
      • Common Real Estate Terms
    • Our Leadership and Support
    • Community Outreach
    • Memphis Real Estate Blog
  • Our Agents
    • Carrie Anderson
    • Cathleen Black
    • Jeff Blakeney
    • Melanie Blakeney
    • Ashley Bonds
    • Melody Bourell
    • Katie Nichols Cook
    • Jon Dickens
    • Kelly Erb
    • Robin Fauser
    • Golda Frankland
    • Rip Haney
    • Lita Hurston-Reed
    • Laurence Kenner
    • Elizabeth Kuhlo
    • Maria Krahn
    • Jake Lawhead
    • Tracy Dougan Lombardo
    • Jerry Lucius
    • Diane Benson Malkin
    • Hugh Mallory
    • Mindy Okeon Mattingly
    • Thomas Murphree
    • Jordan Nichols
    • Mike Parker
    • Barby Perlberg
    • Jimmy Reed
    • Sheldon Rosengarten
    • Marcy Seidel
    • Stephanie Sheahan
    • Alta Simpson
    • Jim Simpson
    • Myra Sheddan
    • Melonie Sain Simpson
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    • Jenny Vergos
    • Ward Walthal
    • John West
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Carrie Anderson image
Carrie
Anderson

(901) 237-2735

anderson@m-brealtors.com

Cathleen Black image
Cathleen
Black

(901) 682-1868

cblack@m-brealtors.com

Melanie Blakeney image
Melanie
Blakeney

(901) 489-6974

mblakeney@m-brealtors.com

Jeff Blakeney image
Jeff
Blakeney

901-237-4542

jblakeney@m-brealtors.com

Ashley Bonds image
Ashley
Bonds

(901) 485-2179

abonds@m-brealtors.com

Melody Bourell image
Melody
Bourell

(901) 461-4016

mbourell@m-brealtors.com

Katie Cook image
Katie
Cook

(901) 628-3065

kcook@brealtors.com

Jon Dickens image
Jon
Dickens

(901) 496-5702

jdickens@m-brealtors.com

Kelly Erb image
Kelly
Erb

(901) 355-3830

kerb@m-brealtors.com

Robin Fauser image
Robin
Fauser

(901) 494-0355

rfauser@m-brealtors.com

Golda Frankland image
Golda
Frankland

(901) 229-3083

gfrankland@m-brealtors.com

Rip Haney image
Rip
Haney

(901) 351-2190

rhaney@m-brealtors.com

Lita Hurston-Reed image
Lita
Hurston-Reed

(901) 682-1868 Ext. 326

lhurston-reed@m-brealtors.com

Laurence Kenner image
Laurence
Kenner

(901) 351-4210

lkenner@m-brealtors.com

Maria Krahn image
Maria
Krahn

(901) 481-0253

mkrahn@m-brealtors.com

Elizabeth Kuhlo image
Elizabeth
Kuhlo

(901) 356-5452

ekuhlo@m-brealtors.com

Jake Lawhead image
Jake
Lawhead

(901) 682-1868

jlawhead@m-brealtors.com

Tracy Dougan Lombardo image
Tracy Dougan
Lombardo

(901) 581-3257

tlombardo@m-brealtors.com

Jerry Lucius image
Jerry
Lucius

(901) 355-3076

jlucius@m-brealtors.com

Diane Benson Malkin image
Diane Benson
Malkin

(901) 604-8245

dmalkin@m-brealtors.com

Hugh Mallory image
Hugh
Mallory

(901) 497-9756

hmallory@m-brealtors.com

Mindy Okeon Mattingly image
Mindy Okeon
Mattingly

(901) 246-1060

mokeon@m-brealtors.com

Thomas Murphree image
Thomas
Murphree

(901) 359-3847

tmurphree@m-brealtors.com

Jordan Nichols image
Jordan
Nichols

901-682-1868

jnichols@m-brealtors.com

Mike Parker image
Mike
Parker

(901) 277-7275

mparker@m-brealtors.com

Barby Perlberg image
Barby
Perlberg

(901) 619-8543

bperlberg@m-brealtors.com

Jimmy Reed image
Jimmy
Reed

(901) 682-1868 ext. 303

jreed@m-brealtors.com

Sheldon Rosengarten image
Sheldon
Rosengarten

(901) 682-1868

shelrose@memphisrelocate.com

Marcy Seidel image
Marcy
Seidel

(901) 422-1665

mseidel@m-brealtors.com

Stephanie Sheahan image
Stephanie
Sheahan

(901) 412-8600

ssheahan@m-brealtors.com

Myra  Sheddan image
Myra
Sheddan

901-870-0154

msheddan@m-brealtors.com

Melonie Sain Simpson image
Melonie Sain
Simpson

(901) 682-1868

msimpson@m-brealtors.com

Jim Simpson image
Jim
Simpson

901-484-0792

jsimpson@m-brealtors.com

Alta Simpson image
Alta
Simpson

901-484-6040

asimpson@m-brealtors.com

Angie Street image
Angie
Street

(901) 481-5560

astreet@m-brealtors.com

David Tester image
David
Tester

(901) 351-3439

dtester@m-brealtors.com

Jenny Vergos image
Jenny
Vergos

901-634-2271

jvergos@m-brealtors.com

Ward Walthal image
Ward
Walthal

(901) 634-6900

wwalthal@m-brealtors.com

John West image
John
West

(901) 682-1868 ext. 389

jwest@m-brealtors.com

Lauren Harkins Wiuff image
Lauren Harkins
Wiuff

(901) 859-3565

lharkinswiuff@m-brealtors.com

Friday, September 18, 2020

Buying and Selling a Home During COVID-19

Buying and Selling a Home During COVID-19

Buying or selling a home can be a lengthy process at any time. Doing so during a global pandemic presents some unique challenges. The local real estate market is booming; so it is important to find a REALTOR® who can effectively help navigate the process during COVID-19.

If you want to buy or sell a home now, it helps to be aware of new real estate practices so you will know what to expect. Partnering with a Marx-Bensdorf agent can help you determine the best course of action.

Should you buy or sell a home during the COVID-19 pandemic?

Some buyers and sellers are anxious about starting the process right now. Sellers may be afraid they won’t get a desirable price for their home or be able to sell it at all. Buyers may fear they’ll miss out on a home due to competition for the limited number of homes for sale. The pandemic has created uncertainty, but facts tell a different story. Reports show incredible sales activity nationwide, across the Mid-South and in our Memphis metro area.

The U.S. Census Bureau reported a 7% increase in single-family homes sold in June 2020 compared to June 2019. Locally, the Memphis Area Association of REALTORS® released data stating the median sale price in July 2020 finished at $193,000, a 12% jump from July 2019. Similarly, the Mid-South saw a 2% increase in the number of homes sold in the Memphis area in July 2020 compared to July 2019. With professional guidance, now could be the best time to make your move in the real estate market.

How does social distancing affect buying or selling a house?

To help contain COVID, we are all aware social distancing, masks, and sanitizing hands are important. You may wonder how it affects buying or selling a house. In the past, sellers, buyers, and agents toured homes and discussed opportunities in person. The pandemic has changed that process a bit. For some, tours are now virtual. And, more of the listing and buying activity is done remotely with the aid of technology. Our agents are ready to help you sell, buy, or both, utilizing procedures that help protect the health of all involved.

What are the benefits of the current real estate market?

Many homeowners are pleasantly surprised when we report the positive metrics of the current real estate market. In fact, the impressive market numbers may positively affect the price for which you can sell your home.

Consider these three factors:

  • Homes are selling quickly

  • The number of homes for sale is low

  • Buyer competition is high

Homes are selling fast because there is a high demand and a low supply. In other words, it’s a seller’s market. Competing listings for a new listing are common, and many of the offers are above list price. For sellers, this can be an ideal time to list.

3 Tips for Buying and Selling a Home During COVID-19

If you are interested in buying or selling a home during the COVID-19 pandemic, we’ve put together a few tips that may help in the process.. Alongside professional guidance from expert real estate agents, these tips will help you prepare and navigate the process in today’s world.

1. Be prepared for a unique process.

From social distancing measures to virtual meetings, your home buying or selling process will likely be different from any of your experiences in the past. Your Marx-Bensdorf agent will help support you each step of the way, helping to alleviate stress while guiding you in making informed decisions.

2. Take advantage of curb appeal.

In a virtual world, it is imperative to leverage your home’s positive aspects and appearance. With COVID-19 keeping us home more than normal, you may find yourself with extra time. Use it to make small repairs such as tidying up the lawn, painting the front door, and filling the flower boxes. Though you may not have homebuyers physically in your house, keep your home ready to show – even if potential buyers are just driving by.

3. Work with a real estate agent.

The number one rule of thumb, when it comes to buying or selling a home, is to work with an experienced, professional real estate agent. With paperwork requirements and difficult decisions to make during the process, we are here to make your life easier. Working with a real estate agent can help you negotiate more effectively, and relieve some home buying or selling stress.

Buying and Selling Your Home with Marx-Bensdorf, REALTORS Ⓡ

We understand your concerns when trying to buy or sell a house during the COVID-19 pandemic. With sales prices increasing and sales activity consistently rising, now could be just the right time for you to buy or sell a home. We are here to help you every step of the way. Contact us today for a hand-selected agent who will customize the process to meet your needs. 

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Posted by David Tester at 8:37 AM
  • « How to Price Your Home in a Seller’s Market
  • 6 Tips to Sell Your Home Quickly »

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