Generally, furnished or staged homes homes look more inviting to home buyers. The right amount of furniture makes spaces seem larger. These days, with “social distancing” recommendations, touring vacant homes to buy seem less risky.
Buyers, and agents for that matter, worry about encountering Covid-19 germs in occupied homes. Sellers worry about unknown people bringing germs into their homes.
Yet, people still need to have a place to live. They need to relocate, sell, buy or rent, which is why real estate has been deemed an Essential Function in Nevada. The question becomes, how to make that happen as safely as possible. Marketing has changed. I can’t do open houses during this time. Video offers another avenue.
Before listing 6269 Golden Meadow Road in Reno, I hired professionals to photograph it. I do this for every property I list — humble to luxurious. More than 95 percent of buyers start their search online, so photos mater. You can see furnished photos of 6269 Golden Meadow here.. The photos show a nicely furnished property.
Yet times have changed. The sellers of this home relocated — now it is empty. Which just might be an advantage right now. So I made the video below.
Video offers another avenue to reach people stuck at home and, at this property, reassures buyers it is less risky to visit.
Facts about this home:
- 6269 Golden Meadow Road, Reno, NV 89519
- MLS #200003081.
- 2,645 Square Feet, 4 bedrooms, 3 baths, 3-car garage
- Schools: Huffaker Elementary, Swope Middle, Reno High
- Price: $550,000
This property is available by appointment only. Call your Realtor to see it, or reach out directly to me at Chase International Real Estate in Reno, NV. 775-850-5900.
Some potential home buyers in Reno think home prices have maxed out, and many believe prices will drop substantially “soon.” Others are convinced the companies bringing jobs to the region will fail or pull up stakes and leave “soon.” Some have said this for the past five years, yet and the data has proven theses scenarios wrong time after time.
Experts in the economic development sector predict robust growth in Northern Nevada for years to come, with national companies continuing to migrate here, creating more jobs and putting more pressure on home prices. National commercial and home builders seem to agree — investing millions in land development, infrastructure and housing projects. Business people running these companies do their homework and focus on profits. Their investments speak to Reno’s future.
What does that mean to the average resident? To me, it signals that home prices likely won’t drop significantly anytime “soon.”
The graphic below outlines the cost of waiting based on data from home sales across the nation. In Northern Nevada, very little sells below $200,000 — so add about $100,000 to these numbers. Waiting to buy a home could — and quite likely will — cost more in 2020.
What is your perspective? For more insights on and data on home sales in Northern Nevada, please email/contact me directly.
Holly O’Driscoll is a freelance journalist and Realtor at Chase International Real Estate in Reno, NV. (NV lic: s.176271) Email her at [email protected] phone: 775-850-5900.