Blog :: 04-2020

Real Estate in a Pandemic

 

Real Estate in a Pandemic

Recent months have shown us that lives can be endangered and upended in a very short amount of time. The COVID-19 pandemic which appeared to many of us as a far off news story, soon entered our lives in a very real and personal way.

Our priority at The Condo Guy Team right now is to be responsible citizens and Stay Home as directed by Governor Phil Scott. We're checking in on our current and past clients to see if they're well and have everything they need during this challenging time. The health of our community and our front line health care workers is paramount right now. I'm inspired everyday by the sacrifices I see people make and the professionalism exhibited by our local institutions. 

While our thoughts are on doing the right thing, many people are still curious about the state of the Vermont Real Estate Market and the Vermont Condo Market. Real Estate Professionals have been deemed non-essential and therefore, we're all working from home. However, we are still staying in touch with clients, conducting virtual showings through video or remote conferencing and some buyers are willing to enter into Purchase & Sale Contracts without setting foot into a home. We're anticipating Governor Scott's Stay Home order will be extended past April 15th, but we're currently scheduling appointments later into the spring and summer. 

Based on low mortgage interest rates and the fact we entered this crisis with very limited inventory, we're anticipating that there will be pent-up demand when the real estate market opens up a little bit. I'm still providing free video home valuations and seller consultations so that people are ready to go when the time is right. Preparing now will set us up for success in the future. 

No one can predict what the future will bring, but there are many market indicators that housing will be one of the beacons leading us through any economic downturn. Please view the attached slide presentation with info from industry experts. If you'd like to discuss current and future market conditions, I'd love to set-up a Facetime, Zoom call, Microsoft Team meeting, Google Hangout or just a good old fashioned phone call.

 

Remember to stay safe, stay healthy and stay home. We'll meet again soon!    

 

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