The Coronavirus & Its Impact on Real Estate

With everything that’s happening, our main priority is to take care of our families, clients, and friends in the community.

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With the coronavirus pandemic gripping the nation, it’s time for a quick market recap and a rundown of how we at Madden Real Estate have adjusted to help those in real estate and beyond. Our main priority is to take care of our families, clients, and friends in the community. 

As far as real estate transactions go, it’s been business as usual. Homes are still being bought and sold, but how they’re bought and sold has changed dramatically. If you’re selling a home with us, we’ve probably already contacted you to verify how you want us to show your property. 

If you’re buying with us, we’ve likewise probably already contacted you to discuss your timeline moving forward. People still need to move, and there are movers who are hoping not to be delayed too much by what’s going on, and we’re working hard to not let that happen. 

In any case, we’re taking our technology game to the next level. We’re showing homes virtually, conducting video tours, and hosting FaceTime consultations and Facebook Live events. 

Our main priority is to take care of our families, clients, and friends in the community.

The Fed has dropped their interest rate to zero, and mortgage rates were down to 3% a few weeks ago but have climbed back up to 4% recently. There’s still a great opportunity to buy and refinance, and we’d love to work with your lender to help make that happen. 

With all the businesses that have temporarily closed and services suspended, we’re also working to ensure everyone has the supplies to stay safe and healthy. We’ve volunteered at the local food bank and are considering donating vehicles to Meals on Wheels. 

We especially want to support the businesspeople we work with daily—the lenders, inspectors, contractors, movers, appraisers, etc. With the exception of the lenders, most of these people need to work inside homes to make transactions happen. That’s why we’re advising buyers and sellers to take all necessary precautions during the home sale process. If you’d like to know all of our tips to stay safe, go ahead and reach out to us. 

We’re a secluded community, but that doesn’t mean we’re not at risk, and we’re doing everything we can to help buyers and sellers in a safe and cautious manner. We know there are still people out there who urgently need to move, and we’re here to assist you in any way we can. 

If you have questions about any of these topics, give us a call or send us an email. You can also tune into our radio show on AM 970 every Friday at 12:30 p.m. for more information. We care about you and our community, and we hope you stay safe out there.

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