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THIS WEEK’S REAL ESTATE UPDATE


Real Estate is changing in ways that will ultimately improve the market in many different ways. Some recent changes:

  1. Virtual Open Houses: We are able to conduct a live scheduled open house at a property, allowing you as a buyer, or your potential buyers if you are selling, to view a home without ever leaving your couch.

  2. Staging consult to assist with soft furnishings, also virtual staged pictures if your home is vacant.

  3. Complete financing, buying or selling process, escrow process, can all be done remotely.

Some other recent real estate items are worth noting:

  1. Greatly reduced interest rates: We might soon see 2.9% and lower interest rates on real estate loans. Last week, my colleagues clients closed a 30 year fixed rate refinance at 3.0%

  2. Many lenders are offering “Forbearance” of up to 3 months on your mortgage loan. It is important, though, that you understand how the loan will be brought current after the forbearance period. I posted a video about this on my Facebook business page.

  3. Visitor traffic to existing listings is increasing: This is partially the result of listing inventory greatly reduced. Also, prices have not gone down, but have held up very strongly. This would be a great time to sell!

As always, feel free to call, 949-500-2661, email ruth@ruthbrunorealestate.com, or reach us through our website, RuthBrunoRealEstate.com for all your real estate questions or needs.

Stay well!

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