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HOW TO BUY AND SELL REAL ESTATE DURING THE COVID-19 PANDEMIC? WHAT YOU NEED TO KNOW
Question: Can I still view homes during the Covid-19 pandemic?
Answer: YES !!! It is still possible to view homes for sale during the Covid-19 pandemic. There is some additional paperwork that needs to be signed prior to viewing and Michelle can help you with that process.
Question: Can I still list my home for sale during the COVID-19 pandemic?
Answer: Yes it is absolutely possible to list your home for sale during the Covid-19 pandemic. There will be some additional paperwork to complete and Michelle can help you with that. Ask Michelle about her specific strategy to make the home selling process easier during these unusual times. She has a specific plan to get your home on the market and sold quickly with the least amount of stress to you as possible.
Question: Is it still possible to get a loan during this time?
Answer: Yes it is still possible to get a loan during this time. The loan requirements have had some changes so you will want to speak to your lender and confirm what you qualify for prior to viewing homes. The lender's are very busy right now with the boom of sales and refinance's, the market is moving quickly. It is imperative you connect with a GOOD local lender. If you need help with getting pre approved Michelle can recommend a few gread lender's in the area. Just ask and she can send you the list.
Question: Are we going to see the market change like we did in 2008 with many foreclosures and short sales?
Answer: This is a great question. The short answer is NO !!
The long answer and explanation can be found in LINK below with a short and informative article discussing just that very question and why it is believed this will not be a repeat of 2008
The Long Answer to Why this is not a repeat of 2008
Question: Should a buyer or Seller anticipate the prices to go down due to the Covid-19 pandemic?
Answer: This is a question many are pondering.... The lack of inventory, low interest rates and the demand for homes indicate the home prices will likely continue to rise. Despite the pandemic homes are still being bought and sold at a record pace. We have a few new steps we are taking and the process is slightly modified but things are getting sold and things are closing with only slight delays if any.
NOTE:
Active homes for sale in Monterey County September 2019 vs. September 2020
Active Listings Sept. 2019 - 855 homes for sale
Active Listings Sept. 2020 - 380 homes for sale
As you can see our supply is limited and the demand is high thus our prices are continuing to rise. The good news is even with the increase in prices, homes are more affordable than ever due to the historically low interest rates. So this is good for buyers and seller's. It is a great time to buy and great time to sell.
Why Virtual Tours Are Winning in 2020
Why Virtual Tours Are Winning in 2020
Virtual tours are changing the game for the real estate market this year. Let’s connect to make sure you’re ready to navigate the digital side of the homebuying process in 2020.
Monterey County Real Estate Search
Our website features the best real estate search for homes, condos, land and foreclosure properties available. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.
You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.
Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!
Considering selling or refinancing your home? Get an INSTANT property valuation now!
Contact us today to find out how we can be of assistance to you!
What you need to know about the 2020 Real Estate Market
Click here to watch a short video on what to expect in 2020's Real Estate Market
Monterey County
Come HOME for the holidays in the coveted Seaside Highlands neighborhood! Only 22 Shorebird models built & THIS one comes with ocean views in the front & golf course view...
- 5 Beds
- 3 Baths
- ML81821599 MLS
- Seaside Highlands Bldg.
Charming Folk Victorian cottage updated and expanded. New master suite and a completely separate ADU with full kitchen and it's own inside laundry. Main house has 3 bed...
- 4 Beds
- 3 Baths
- ML81821590 MLS
Mid Valley Garden condominium featuring 2 master bedrooms, large kitchen and living room with views to the expansive gardens and swimming pool. HOA includes water, hazard...
- 2 Beds
- 2 Baths
- ML81820988 MLS
- Mid Valley Garden Bldg.
This Lovely four bedroom, two bath, home features fresh interior paint, cozy wood burning fireplace, recessed lighting, vaulted ceilings, new microwave, new carpet in l...
- 4 Beds
- 2 Baths
- ML81821572 MLS
Mint condition, ground floor, corner unit boasts newer flooring, stainless steel appliances, washer/dryer, gas fireplace and extra storage space. Gourmet kitchen with gra...
- 2 Beds
- 1 Baths
- ML81818530 MLS
- Footprints on the Bay Bldg.
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Things to Consider When Selling Your House
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Things to Consider When Buying a Home
You may be wondering if now is a good time to buy a home ... or if interest rates are projected to rise or fall. I put together a free eGuide for you that will answer many of your questions and likely bring up a few things you haven't even thought about yet. Just click the button below to read it now!