Tag Archives: #buyers

Have We Turned the Economic Corner?

Last week’s news about lower than expected unemployment statistics caught many by surprise. While the number of people still out of work is clearly unacceptable, the turnaround that the new figures appear to indicate is an encouraging sign.

Over the past many weeks, we have been sharing with you via this blog and our social media platforms the thoughts of real experts — not the talking heads on your favorite cable news channel — who have been suggesting that a recovery would start during the end of the second quarter and be on its way by the third.

While we are not out of the woods yet, responsible experts are hopeful.

We continue to see strong buyer interest on Cape, driven at least in part by low mortgage rates.

As furloughed employees — who put their plans on hold until they returned to work full time — get back on the job, we can expect to see them revive their searches.

As we shared with you last week, they will be joined by city dwellers who, after being confined to apartments and cramped neighborhoods, will be looking for more space and fresher air.

But there remains an inventory shortfall.

We no doubt sound like the proverbial broken record when suggesting to those of you who have been thinking about selling that now’s the time. But it is. Maybe now more than ever.

As always, we’re available to meet with you at a safe distance or via any technology that you are comfortable with to discuss your options as either a seller or buyer. (Or both?) Let’s connect at 508-568-8191 or msennott@todayrealestate.com.

Our new summer guides for buying or selling your home are now available! They contain valuable tips and information that will help you “make your move with Mari” as stress free as possible.

Please click here and scroll down to get your copy via email. Thanks.

In keeping with Governor Baker’s guidelines, the offices of Today Real Estate are opening on a scaled down basis. Our transaction coordinators returned last week. We can use our work spaces and office equipment, but masks are required at all times. Client access is still restricted.

As many of you have discovered, there has been a silver lining to our virus crisis, at least of terms of how we work. For us, virtual listing appointments and Matterport showings have been very effective.

Zoom meetings have made local and company wide meetings more efficient. Colleagues, who were kitchen table agents when the stay at home order began, have created home offices.

The number of realtors participating in on line house tours — instead of vehicle caravans from home to home — has increased dramatically. These and other changes may become the next normal for the housing and real estate industry.

Stay healthy. Stay optimistic.

Mari and Hank

Keeping It In Perspective

It’s hard not to be confused these days with all the information that’s being pushed at us.

It’s enough to make you want to turn off the TV and disconnect from the Internet.

While we can’t speak to the medical issues, we can offer some perspective about the economy and the housing market. As you know, we make it a point to stay in touch with experts on the local, state and national levels, so we can offer the best advice we can to our clients. (Note: We’re not financial advisors.)

The media is reporting that the current unemployment rate is on par with the Great Recession and Depression. But it also important to know that major financial institutions expect the high rate to be short lived.

While our hearts go out to those who have lost their jobs or are currently furloughed, we also need to remember that most of us (thankfully) are still employed. It’s probably safe to assume that it was virus related restrictions and concerns — not necessarily the economy — that caused most buyers and sellers to put their plans on hold.

In terms of the housing market, we are where we were in March. It’s a sellers market with a buyer pool that is arguably getting deeper. As the weather improves and restrictions are lifted, buyers will become more active looking to be settled on the Cape in time for their stay-cations. So, savvy sellers should begin marketing their homes sooner rather than later to beat the competition.

If you’re ready to discuss your options as a buyer and/or seller, we’d be happy to meet with you to discuss current conditions and how we can safely market your home using the latest technology. (See the next section.)

Please contact us at 508-568-8191 or msennott@todayrealestate.com. We can meet virtually or at a safe distance wearing our masks.

One of the “positives” that has come from our virus crisis is how we’ve all learned to innovate to do our jobs. Many have discovered that working at home is a viable option to the daily commute. For us, we’ve learned that listing appointments can be easily and conveniently conducted using Zoom or other similar technologies.

Matterport, which is a virtual home tour, is another example of innovation that will probably remain popular in the future. If you’re not familiar with it, please check out this explanation that we posted last week on our social media platforms and on our YouTube channel, where we archive many of our videos and postings. Using Technology to Market Your Home.

We continue to see signs and other expressions of support and encouragement pop up around the area. Here’s another that caught our eye.

Stay healthy; stay optimistic.

Mari and Hank