During this current environment, many of our clients are still out looking at homes, completing contracts, and listing their properties for sale. Kerber Real Estate will continue to provide the same level of support to you, but will have to slightly modify activities as we continue to work together in ways like never before.
You may be concerned about your home’s value during this time. Closed sales in our area have increased year after year. Inventory is still low while pricing should continue to be solid even in the current market.
Mortgage Rates and Refinancing
The Federal Reserve has made some drastic interest rate adjustments. However, it is important to note that these adjustments do not automatically affect mortgage rates. Going forward, there may a backlog of refinance transactions that may impact appraisals. We are seeing timeframes up to fourteen days for a home purchase appraisal order, while refinance appraisal orders may take up to four weeks in some areas.
Selling a Home
Kerber Realty has the ability for buyers to view your home digitally in every way possible. This includes video walk-throughs tours and high-quality professional photography. We know buyers are searching more online now and we ensure your listing will catch the eye of buyers search.
Buying A Home
With potentially less competition from other buyers, the current crisis might slow the market enough for buyers to secure a home purchase.
As we move forward to the Spring market there might be continued uncertainty. Rest assured, we are available to answer any of your real estate questions and concerns.