ANTICIPATION

It may seem like forever that we have been following the stay-at-home guidelines for the COVID-19 virus and perhaps some out there are going just a little stir crazy, but the end is closer than you may think.

ANTICIPATION is now the watch word for those who long to be back to work or to be able to interact with other friends and neighbors.  We anticipate a return to life as we once enjoyed; but let us be honest it will take some time for those days to return.

If you are anticipating selling a home during this time period, do not be deterred from moving forward.  Buyers are still in the market and are looking for homes to purchase.  Sellers may find that they will be actively negotiating the sale price, but with a limited inventory of available homes and a need to sell concessions will be made on both sides of the deal. 

Mortgage rates continue to remain at an unprecedented low and although the market may have tightened some of its qualification guidelines, lenders are still processing loans for qualified buyers.  With the memory of the Great Recession lurking in the background and escalating unemployment, underwriters want to safeguard banks from bad debts.

ANTICIPATION is healthy and keeps us stimulated and moving forward.  Public health and safety are still of great concern to our elected leaders as plans are unfolding for opening back up the economy.  During the next few days and weeks somethings will return and some will not.  During this time, it is even more important that "cooler heads prevail".