Reverting Back to Basics
I have been involved in the real estate industry for over 30 years (can you believe it?) and the beginning of April is usually real estate’s busy season, with sellers hosting open houses and buyers out touring properties. This year has been much different, as the Covid-19 pandemic has prompted stay-at-home orders across our state, and companies nationwide, including Long & Foster, have taken to conducting business virtually.
The way I’m serving clients like you is different, but my commitment to your safety and satisfaction is unwavering. Many consumers have hit the pause button—taking this time instead to focus on their families, but demand has not fundamentally shifted. Likewise, some need to make a move and are leveraging low interest rates to do so. As of April 9, the 30-year fixed rate was an attractive 3.33%, according to Freddie Mac, prompting refinances for current owners and increasing buying power for many home shoppers.
For those consumers who are currently buying or selling, our team is leveraging technology to support you while following CDC guidelines for social distancing. From virtual tours to online closings, we’re helping consumers find their way home, from home. This past week alone, Long & Foster added over 650 new listings with almost $500 million in real estate going under contract. I, personally, have had new listings go under contract with multiple offers in 1 day.
Taking the long view gives us a better look at where we are headed, and I’m confident that working together, we’ll come out even stronger. As always, I’m here for you and just a phone call, email, text message, instant messanger or video chat away.