With all of us affected by this terrible virus and what it has done to our economy as well as our physical and mental being.
We are spending our time at home and distancing ourselves from our loved ones and friends. We have had to set up home offices and school our children from our homes.
Some local small businesses have had to make cut backs and layoffs just trying to stay afloat. Most are asking…. how am I going to pay the rent, I may not be able to pay my mortgage and other bills on time, how will I feed my family?
We will eventually get through this as our government and the American people are working together to come up with possible programs that will ease some of the pain, the Question is HOW??
I want to share some information that may be helpful to you as I know there is hope at the end of this tragic ordeal……
Those of you that are renting can contact your landlords and speak with them on your personal situation to see what will work for both of you.
Some may give you some lead time as others may not. Just remember this is affecting ALL of us. The worst thing to do is just ignore it as you will have to face it sooner than later, it will not go away.
By reaching out and talking there may be a way to help all parties get through this trying time.
Those of you that were thinking of purchasing a home may feel that you are at a dead end now because of job loss or just the uncertainty of our economy.
I would recommend if you are in a Loan process and still employed continue. All lenders and Institutions are working remote to keep our real estate industry moving as we are considered essential.
I feel we are going to see the Interest rates stay at an all-time low, currently 3.75 for a 30-year loan and possibly lower. This means you get more home for the money.
Tallahassee is still at an all-time low for inventory and we are still seeing listings going on the market daily, however they are also selling quickly as well.
The housing market is a daily commodity as people are always moving and relocating so there will always be Buyers and Sellers.
I just had a listing that went into the MLS and in 24 hours had multiple offers. So, it is still a Sellers’ market if properties are priced right and the home presents itself in a value-added fashion.
I also feel it is a Buyer’s market because of the Interest rates being at an all-time low.
Having both situations still creates a strong market here in Tallahassee and the surrounding areas.