Wednesday, June 10, 2020

Weekly Wednesday Real Estate Update - June 10, 2020

Are you thinking of selling your home?   If the answer is "Yes," than now may be the best opportunity as summer could be the new spring for Real Estate. There are very few homes on the market at this time so your home could definitely stand out.  Many families put their plans on hold during Covid-19 and now as stay-at-home orders are gradually lifting more committed buyers are looking and your home could be at the top of their list.

Sam Khater, Chief Economist at Freddie Mac indicates:

“For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic…As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago.” 

The temporary softening of the real estate market will likely be followed by a strong rebound, hence the old cliche "There is no time like the present,"  With mortgage rates so low there is certainly incentive to buy a home. While it is a frightening time to be out looking for real estate, the industry has adopted new approaches to minimize exposure to the virus. Most realtors are now working remotely and conducting most of their business virtually.  We are experiencing great success with buyers and sellers having their consultations remotely   Your Agents With Heart recently sold a home virtually to a couple in Illinois, and they love their new home.  While it was certainly a new experience for all of us, we made certain to provide support every step of the way to our customers to make this as smooth as possible.

Whatever properties our customers want to see, we will be happy to Facetime and if you do want to make an offer that's accepted, and you head to the closing table, real estate agents and attorneys are adapting to remote closings.

Check out my website at agentwithheart.me and I am available by email ha@agentwithheart.me and by phone and text at (239)-410-4431.

I would love to help you find your way home,
~Helen Ann







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