With the spring market getting underway just as the number of coronavirus cases rises in the region and around the world, many people are wondering if they should put real estate decisions on hold. A shaky economy and volatile stock market aren’t easing concerns.
Some may have to move for a new job or because they need more space for a growing family — or less space if they are becoming empty nesters. Others may want to escape apartment living during this period of “social distancing.” Yet, there are other good reasons to move forward and make a real estate decision:
Right now, buying a home is more affordable than ever. Mortgage rates are at an all-time low, hovering in the 2.5% to 3% range. Interest rates, also at historic lows, may eliminate a future refinancing. And sellers in Westchester County may have a slight edge, with a lower inventory contributing to higher demand. This may explain why here at William Pitt Julia B. Fee Sotheby’s, we are seeing significant activity amongst buyers and sellers.
Because of the challenging times, we are adapting our practices, including reducing or eliminating open houses in favor of individual appointments and virtual walk-throughs of our listings. Ensuring the health and safety of our families, co-workers, and clients is paramount.
Preparing for your next move
I’m here to help! Here’s how:
Home value estimates: By providing you with a rough estimate of the value of your home, we can help you prepare to buy what you can afford or sell by determining the list price.
Virtual walk-throughs: With social distancing in full-swing, some home sellers are reluctant to open their doors to the general public for an open house. I’d be happy to take you through a listing by appointment, or set up a time when I can show you a home via FaceTime or Skype.
Preparation and planning for buyers, sellers, and renters: There’s a lot to be done before you start your real estate journey. Should you stage your home before selling? What are your parameters for a new home? What are the ideal terms for your rental arrangement? I have extensive experience in these areas, and more, and can be of help.
Along with the rest of the world, I’m staying on top of a rapidly changing situation and its impact on the real estate industry. Most important, I am focused on providing the best service possible. Please reach out to me with any questions or concerns, at any time. I would love to hear from you.