Residential real estate: the sellers’ market is expected to continue until 2021

“Some sellers are reluctant to bring people to their homes with the pandemic going on, which is part of the reason for the low inventory of homes available,” Sabatine said.

But with the help of local real estate agents, sellers have another way of getting people to their homes through what Susan McMillen calls “distance buying”.

“A lot of my long-distance buyers see a home through Facetiming – that is, conversing with a real estate agent and viewing their home through a remote internet visit,” McMillen said. “That way, buyers often don’t see their new home in person for a day or two before it closes.”

Even after the conquest of Covid-19, she said long-distance shopping would remain certain.

“I had been involved in long distance shopping before the pandemic,” McMillen said. “However, Covid really highlighted and increased this virtual shopping frenzy when shoppers were having difficulty traveling.

Really, really smaller houses

There is also another type of buyer who does not want a starter house, middle house, large house, rental, condo or any other type of dwelling. customary.

They want a small house – currently much smaller than traditional houses.

And now there’s a small community just north of Travelers Rest.

Begun in 2018, the 74 homes on the 24-acre site are just 399 square feet, but include a kitchen, bedroom and bathroom, and a living room up front – with room for refrigerators, washers. and full-size dryers, dishwashers, and beds.

The price is $ 80,000 to $ 120,000 per house.

But developer Justin Draplin is so confident in his future that he’s launched a new manufacturing company to start mass-producing these tiny units soon – and the new models will be positive, which means these homes will produce more power. from renewable energy sources. that they import from external sources.

“This is a revolutionary product,” said Draplin, who organized a revolutionary in February for the first of the new type of homes. “And I think he’ll be the leader in green technology, maybe even set a new standard at every level for home building.”

Among other things, the net positive homes will have incinerating toilets, anti-mold and optimum insulation, fully integrated solar shingle systems on the roofs, and both LED lighting and green technology to save locals on the roofs. monthly electricity bills.

Draplin added that with a variety of finishes and floor plans, tiny grid homes will generate “a lot more energy than they consume, giving consumers the ability to live smaller, smarter, and more. in a more sustainable way ”.

“For me, this concept of a small house represents another way of living,” he said, “with like-minded people who want to live green and within their means.”

But whether their homes are small or large or somewhere in between, home sellers are likely to hold almost all the cards for a long time to come, according to local experts.

About Teresa G. Wilson

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