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COVID-19: Where do we stand?

So what's happening with the market?!


Do I wait to sell?


Should I buy while rates are so low?


Honestly, I wish I had all the answers and could predict the future! I've got this question a number of times over the last few days so I wanted to share it with you as well.


If you were thinking of selling, but you don't HAVE to, generally the advice would be to wait. However, with that being the general advice, there will be a reduced number of listings on the market for your home to compete with. (That's a good thing!) Also, rates are incredibly low so buyers who have a stable job or NEED to buy will still be out shopping.


Would it better to wait for the Fall market?


Maybe. But do you want to list your home when every other seller who has been holding out rushes back to the market? Of course not. You have to weigh each options and decide what's best for you right now.


If you were planning to buy, I understand if those thoughts have fallen to wayside. With the question of job security, kids being out of school for weeks and the general uncertainly of the future, you have other things on your mind.


In that case, I'd suggest keeping one eye on the market just incase "the one" does come up for sale.  Technology has allowed us to provide a service without meeting in person. We can do video walk through tours via FaceTime or Skype, we can put together offers and sign documents digitally. 


There are always options!


Whatever you decide, I hope you're staying safe keeping a positive attitude. 


We will get through this!


Nico

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