We experienced unprecedented times during 2020 due in part to the coronavirus. With all the worry about Covid 19 and the stay-at-home orders, people feared the worst about the 2020 real estate market. However, Covid 19 certainly "gave a shot" in the arm to the housing market.
Hiring an agent who intimately knows your neighborhood and the area home values is key to your success. It will help to ensure you receive the best sales price possible in a timely manor.
This year, the COVID-19 pandemic has caused many changes across the country. While the strict quarantine and social isolation rules are restrictive and difficult, the housing market has managed to enjoy a silver lining.
In 2020, homes have been selling faster than in the past. This is mainly due to lower inventory and historically low interest rates. In fact, Zillow.com shares a statistic that homes went under contract in an average of 25 days this year.
As the COVID-19 pandemic forced businesses to close and employees to take refuge at home last March, the Board of Governors of the U.S. Federal Reserve System took unprecedented action, lowering the benchmark interest rate to functionally zero percent.
Real estate and moving sites often include "walking scores" on how a city or area stacks up against others in terms of "walkability". That's because each year, more of us move to walking-friendly cities for various reasons.
In addition to finding employers who are searching for recent graduates to fill their open, high-paying job positions, new job recruits will also be taking a hard look at the housing market to ensure that they can find a comfortable home that should increase in home value over the years.
Few things say success like property ownership. Few things indicate prosperity like upgrading to a larger and more spacious residence. Yet we have all heard horror stories of money pits and unmanageable debt.
When interviewing real estate agents, they should give you proposals that spell out their commission rates and marketing plans. In today's day and age, it's important to hire a real estate agent that is experienced, local and tech savvy.