The ongoing pandemic has fueled residential real estate sales, resulting in a declining inventory of homes and creating a market that is ideal for sellers and stressful for buyers. Bidding above the asking price and incentivizing with cash offers has become more common this year, especially with record-low interest rates. While buyers are typically aware of the unusual characteristics of the … [Read more...] about Ongoing Pandemic and Declining Home Inventory Has Created Ideal Sellers’ Market
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With a Few Safety Precautions, A New Home or Business Location Can Still Be Yours
COVID-19 has impacted every industry in one way or another. However, it seems the real estate industry has been flipped upside down. Health and safety concerns, protocols and requirements regarding the pandemic have had significant effect within real estate operations. Take showings or viewings for example. All parties involved – the seller, the agent, and the buyer – must come prepared with … [Read more...] about With a Few Safety Precautions, A New Home or Business Location Can Still Be Yours
Pandemic Sparks Highly Competitive Real Estate Market
Thinking about buying or selling your home in 2020? The current housing market is the sellers’ dream. With record low mortgage rates, low supply, but high demand, sellers have seen 5 to 10 offers in one day. In response to an economic downfall amid the pandemic, the Federal Reserve cut interest rates, resulting in the average rate on a 30-year fixed mortgage going below 3%. Generally, in the past … [Read more...] about Pandemic Sparks Highly Competitive Real Estate Market
