submitted by Lynne Kelleher, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office
There is so much uncertainty in our lives these days, more than I can remember in my lifetime.
Is it safe to re-enter society?
Will there be a second wave of the pandemic?
How long until we have a vaccine, and will it be effective?
How do we help the millions affected recover financially?
How do we insure what happened to George Floyd never happens again? How do we start to close the heartbreaking divide of our country that is apparent in so many ways?
I wish I had the answers to those questions, and to the others that keep us up at night.
Unfortunately, the only certainty I can offer relates to the strength and stability of the real estate market – which while not nearly as monumental as these are, does impact those who want or need to buy or sell a home.
The good news is that the local market scarcely missed a beat once the Governor decided that real estate services were essential – the last state in the union to do so.
The not-so-good news is the inventory shortage continues as sellers are reluctant to put their homes on the market.
That means homes properly priced and in good condition are flying off the shelves with multiple offers and bidding wars.
Sellers are in the driver’s seat these days.
While the above scenario puts buyers in a frustrating position, continued historically low interest rates helps to mitigate the impact higher prices are having on monthly payments.
Now more than ever, you need an agent who has experience and knowledge of the local market to guide you through these turbulent times.
Who you choose DOES make a difference, so choose wisely!