Thu Mar 26th 2020
It’s true. We live in a strange time where uncertainty feels certain. With the neverending news cycle, it isn’t very easy to break away to feel the GOOD all around us.
No matter what happens, there’s so much GOOD in life. This is a time where we can help one another and show kindness and love. We’re in this together, and we will overcome it together.
Please always consider Mallach & Company a resource on real estate and the housing market. We are here to support you during this unprecedented time.
What Does COVID-19 Mean for Real Estate?
Remaining aware of what is happening and being armed with accurate information is crucial during this time. COVID-19 is changing the “normal” daily routine, but our local real estate market remains strong. Each and every person needs a place to call home, and it’s our mission to make sure that we’re serving you and our community by ensuring that the home buying and home selling processes are seamless and stress-free.
No matter what transpires, homes will continue to be bought and sold. They will continue to be wise investments that help build long-term wealth. Locally, showings and offers on listings remain strong, and buyers continue to take advantage of record-low interest rates, virtual tours, and virtual open houses.
Interest Rates: They’re Low! Should I Refi My Mortgage?
At the beginning of March, mortgage interest rates hit a historic low, dipping into the 2% range. To date, they’ve rebounded a bit due to the very high volume of mortgage refi applications last week, however, they’re still VERY low. As a general rule of thumb, if your current mortgage interest rate is at 4% or below, it’s not likely that a refi will benefit you, unless you decide to refi on a 15-year term. However, if your rate is more than 4%, you may want to consider refinancing. Do you need a lender recommendation? Reach out to us anytime–we have a list of awesome mortgage professionals.
Buying or Selling: Going Virtual is Easy!
Buyers: If you’re looking to purchase a home, you’ll still receive the same high-quality service that you expect and deserve from Mallach & Company. We’ll conduct a Buyer’s Consultation virtually via Zoom, Skype, or Google Hangouts. It’s easy, and, together, we can still discuss your specific needs. We can also provide virtual tours of homes that fit your search criteria. Virtual open houses are also gaining popularity–who would have thought?! ingenuity is an amazing thing!
Sellers: If you’re considering selling your home, we’ll still be able to tour your home virtually using tools like Facetime or Google Meet. This information will help us put together an accurate Comparative Market Analysis (or, CMA) of your home, and that will help us price it appropriately. If your home is on the market currently, there are many tools we can share that will help you show your home virtually to buyers, including a virtual open house. These tools demonstrate to buyers that you’re doing your part to help prevent the spread of COVID-19, but that you’re still serious about selling your home.
How Can You Make a Difference in Your Community?
1. Spread positive, factual information on social media.
2. Remember to laugh. This won’t last forever.
3. Small business is the core of our community–support local businesses as much as you can.
4. Help local restaurants and shops by purchasing gift cards now that you can use later.
5. Lend a helping hand with the elderly in your neighborhood. Call to see if they need anything from the grocery store or pharmacy and offer to pick items up for them.
6. Be sure to always practice Social Distancing and remain 6 feet away from others.
In this unprecedented time, let one of our Mallach & Company real estate professionals know how we can connect your friends and family with our extensive network. We are here for you. For questions specific to COVID-19, please check the CDC’s website regularly for updates.
Thank you for your continued support. You mean the world to us.
Around here, we...
smile often, treat clients like family, do more than what’s expected, gather wisdom through doing, find joy in the journey, and love properties and people.