COVID-19’s Impact On Buying And Selling A Home

Until recent weeks, the NJ Housing Market was in its heyday, led by strong economic growth, unprecedented interest rates, accelerating levels of job creation and record-high marks for consumer confidence.

COVID-19 changed everything!

The impact of COVID-19 on our economy, unemployment numbers and our housing market has been devastating. In a matter of weeks consumer sentiments have changed from an abundance of confidence, optimism and hope to a paralyzing uncertainty, fear and panic.

We talk with clients every day. Their concerns are similar:

· Is this like previous recessions?

· How long will this last and how deep will this be?

· What can I do to understand the market and prepare for the future?

· Can I still buy or sell my home today?

· Are some locations more impacted than others?

This is a story that is unfolding. We want to share our experiences with you.

Join us as we help you understand the impact of COVID-19 on your market and help you relate it to your personal situation. We’ll discuss short and long-term expectations.

· If you plan to sell your home, when should you sell and how should you position your home on the market?

· If you plan to purchase a home, what are the risks? What are the opportunities?

We’ll share our “boots on the ground” observations, experiences and insights.

· What is sales activity like now? What will it be like in the future?

· How is the current lending environment? Is now a good time to purchase? Refinance?

· How are the critical tasks of title and closings being handled?

· How are inspections, permits and required town certificates—basically all the behind-the scenes activities that go into real estate closings handled in this new environment?

· How do integrated real-estate services benefit you as a buyer or seller?

Join us online: Saturday, April 25 – 10AM-11AM

Lisa Molinari, Realtor | Weichert Realtors

Jason K. Miess, Broker, Manager | Weichert Realtors

Tim Alston, Mortgage Advisor, Weichert | Financial Services

Ray Perone, Regional Sales Team Leader Weichert | Title Group

Janet C. Navarro, Esq., Partner, Navarro & Bae

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