Checking my San Diego Homes Value after Coronavirus
Has the Coronavirus Affected my Real Estate Value in San Diego County?
The Coronavirus, also known as Covid-19, shut down the world’s economy for a period of time in 2020, millions of jobs were lost because of it and it put millions on unemployment in the United States. Some renters stopped paying rent causing some landlords to struggle to pay their mortgages. The effects of the virus are well known, sickness, panic, and even death. But how has the lockdown of people and the economy affected home values in San Diego and Southern California.
If you want to know the answer contact The Lewis Team and we will put together a free home value analysis and email or text it to you. Please put “Home Value” in comments and please include your name, email address, phone number and property address.
Keep in mind that the San Diego and Southern California real estate markets were doing great in 2019 and 2020 just before the Coronavirus hit. It was mostly a seller’s market and in many price ranges there were multiple offers from buyers on properties. Coronavirus came and essentially shut down the real estate market only allowing for viewing online or virtually. Wisely the State of California added real estate services to the essential services list and allowed showings as long as the virtual tour was not sufficient and while viewing homes social distancing and proper precautions were taken. Real estate slowed but new listings hit the San Diego market and sales continued. Most business was done virtually, through email and on the phone.
I’m sure many homeowners are wondering about their homes value. They may be getting ready to relocate, military relocation, retirement or they just purchased a home and are concerned about their homes value. Knowing the value of your home and the expected time on market needed to sell it is essential. Having this home value assessment completed by a local expert is now even more important. Using the Big National or even Global Real Estate Web Site’s “What’s my Home’s Value” button that uses an automated house value tool has no way of knowing the Coronavirus effect on the value of a home in San Diego. Please use a local expert with over 30 years’ experience to guide you through this process.
We’ll get through this together
The Lewis Team San Diego Real Estate Experts!