October….well….we are now deep into what many pundits have termed “The Second Wave”.
This is what they claim to be the real test on our ability to survive and recover from this pandemic. What is becoming more clear is that we all must learn to live with the Coronavirus. This is not going away any time soon and we must all learn to live smart, with extra precaution, planning, awareness and consideration of others. Perhaps it is time to get in great physical condition?
From a Real Estate perspective our local market continues to maintain value and would clearly be termed a “Seller’s Market”.
The demand for local property continues to exceed the supply!
If you or someone that you know may be thinking about selling, please reach out and we can arrange a discussion to see how we may work together am maximize this great opportunity. Interest rates are phenomenal and for those people looking to enter the Real Estate Market, you can now obtain 5 year fixed rate mortgages for under 2%….the best rates we have ever seen. Although the qualification process is more diligent than ever, there are exceptional opportunities for those that are prepared. How many years do you have left on your term? Is it a good time to consider an investment property? Is it worth refinancing at this time or re-negotiating a new mortgage? If you would like us to connect you with one of our trusted finance professionals, please don’t hesitate to reach out.
For potential Buyers – we are finding that properties are often being advertised as “Coming Soon”. We are seeing some homes listed on out of town Real Estate Boards and some private sale listings. We are also faced with offer dates or listed homes that may consider “Bully Offers”… all very confusing for a Buyer in today’s competitive market.
What to offer? When to offer? Is it a fair list price? How can we arrange a viewing?
These are all questions that we hear on a steady basis. One thing that is certain, you need a knowledgeable Realtor with experience in negotiating through these challenging times. With our advice and recommendation we have found many of our Buyers continue to be successful in purchasing the right home in a tough market. A couple of key indicators that we are watching that will certainly shape the market for months to come.
If you or someone you know are considering a move during this time – we would love to help you through the process!
Contact us today!