Real Estate Q&A January 2021

Question: Is it wise to buy or sell during a pandemic?
Tina Hancock - Real Estate Q&A - Benicia Magazine January 2021
Tina Hancock

The Real Estate Buying and Selling Process has changed due to the pandemic as rules and procedures continues to evolve.

The process has become more efficient with technology improvements.

While none of us have a crystal ball, if it’s your instinct to buy or sell now – it is probably right on. 

Buyers – Mortgage rates are historically low for 15 & 30 year loans. This has driven interest from buyers purchasing homes.

Sellers – Home values are driven largely by demand, coupled with the prevailing interest rates.

I expect Buyers demand to hold until that equation shifts. Now is a great time to Sell or Buy a home.

 

Tina Hancock

Compass | DRE# 02006363

707.386.4354

www.shopbayareahomes.com

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