Guest Column: How is the “virus” affecting the real estate market?
It is such a strange time in history we are experiencing! There is no-one untouched by this silent enemy. Real estate, lenders and title companies have all been deemed “essential” businesses. We are still working! Gone are the days of open houses. Instead, brokers are making virtual showings throughout the house available to potential buyers. Realtors are asking clients to sign hold harmless agreements prior to showings and we are stocked with gloves, footies and masks—not to mention antibacterial wipes!
Don’t be fooled, the market is still strong. Inventory is low and the buyers are bountiful! Mortgage rates are very low and therefore a buyer has more borrowing power. Honestly, in our opinion this is the perfect time for both buyers and sellers, take advantage while the iron is hot!
Your safety is very important. Please ask for protective measures if not offered up front. We need to keep our nation strong and at the same time act responsibly. Stay healthy!
For further information email johnandjanice@beangroup.com.