365 Boston Neck Road, Narragansett RI 02882
As a trusted real estate advisor, I thought it might be a good time to lay out some facts and circumstances if you are considering selling or buying a home during this unique period of uncertainty.
The fundamental fact to always keep in mind is that at any given time, good or bad, real estate will always be the safest and most stable investment over time compared to other investments. Additionally, there will always be people who, according to their life stage, will need to sell or buy a home due to compelling motivations such as engagements, marriages, deaths, divorces and new additions to the family be it children or grandparents. There are more reasons, of course, but these represent the majority.
So, keeping Covid-19 in mind, if you’re wondering whether it is a good time now to sell your home, here are a few things to keep in mind:
1. We are currently in a sellers market! Simply put, demand exceeds supply today. It’s a fact. And, there are very serious, motivated buyers looking for a home like yours right now. And while people are advised to stay home these days, the benefit to sellers is that only serious buyers will rise to the surface, and the browsers will be minimized.
2. Buyers are taking advantage of the best mortgage interest rates ever!
3. What a great time to get “your house in order.” Literally. Why not use this social distancing time at home to make repairs, clean thoroughly, spruce up the décor, and think about staging for photography and video for when the dust settles? (Pardon all my silly puns!). Or consider my custom concierge services HERE .
4. Social distancing lends itself perfectly to virtual home selling. Partnering with a Sotheby’s affiliate means you have access to state-of-the-art technology, client service, global to local marketing expertise, and a proud brand heritage. We are uniquely poised to showcase and sell your home with professional digital photography and video, providing tools such as Live Video Walk-throughs, Live Virtual Open Houses, Virtual Staging, Video Texting, 3-D Matterport Video Tours, Drone Imaging, and much more. Selling your home with Mott & Chace Sotheby’s International Realty will set your home apart and command the highest sales price in the quickest time while keeping everyone as healthy as possible..
260 Beavertail Road, Jamestown RI
Looking to buy this Spring?
1. Buying a home leads to control and certainty in unstable times. You will feel secure in knowing you have a fixed monthly payment with rock-bottom interest rates, an investment that will appreciate over time, tax benefits associated with home ownership, and living your dream.
2. Get your finances in order now, and have your lender pre-qualify you so you know in advance of shopping for your dream home what your price range will be. You will be in a much more competitive position when your offer on a home contains your pre-approval letter from a lender.
3. There may be opportunities to buy a home now at a discounted price—perhaps creating a win-win situation by relieving a seller’s financial worries during these unstable times.
Bottom line folks….don’t panic. Be strategic!
And if any of the coastal properties above get you thinking about a summer move…send me a note!