Have you been in the market for a new home recently? With the coronavirus in the background, you may be feeling some hesitation. However, there are actually three compelling reasons to reconsider.
Better than ever rates
Mortgage rates have drifted downward for two weeks in a row and are currently hovering right around 3.5 percent. These rates are historically low and represent an incredible financial incentive to buy now. Many agree. Mortgage applications have increased approximately 15 percent in response to these highly attractive mortgage rates.
Southern California’s home inventory is likely to decline
California has been experiencing a housing shortage for an extended period of time. For many years, demand for homes has far exceeded the number available for purchase with no end in sight. It’s possible current stay-at-home rules could even increase the shortage, making now a good time to shop for a home online.
Life’s milestones are still happening
While we’re all going through a difficult time together right now, some of life’s usual milestones are still taking place. Some of you may be expecting a new baby (congratulations!). Some of you may have recently welcomed an elder relative into your home. Others may be seeking an extra room to turn into a professional home office.
We have adjusted our sales process to make it safe for you to continue your homebuying journey. A lot of the process now occurs online, including virtual tours of our homes on our website. And, our purchase contracts are now handled online through DocuSign. Our Sales Associates are available by phone and email and are happy to give you a personal tour via Skype or Facetime. In-person appointments are available via appointment only, with safety protocols in place to limit exposure.
Contact us today to explore our beautiful homes!