Episode 17: COVID and Real Estate
On this episode of Own It Girl, we're discussing COVID-19 and real estate. We’re going to give you a clear idea of how bad it is…and more importantly how bad it is NOT. We'll give you up to date information on how things are being affected and conducted in real estate here in Arizona. Our clients are the most concerned about prices and I'm sure you are concerned as well. We'll get to the bottom of that with Tina Tamboer and the Cromford Report. You may be surprised with how little they may be affected. Some of the areas of buying and selling in this marketplace we'll touch on are; People whose leases are coming up and need a place to live Showing listings to vacant vs. occupied locations How my sellers have no problems selling (depending on whether the property is occupied or not) What opportunities exist for buyers out there and at what price points We'll talk about the use of technology to help overcome the social distancing factor, the public "shaming" that is going on for open houses, and much much more. Tina Tamboer's report is essential for those interested in some of these immediate effects of Coronavirus. This will give you a better picture of what to expect going forward. Tom Ross with Bay Equity Home Loans will talk about where there is weakening indicators for loans and where things remain strong. Are you in a position to refinance and should you? What is the COVID-19 addendum for deals in escrow? What are Fannie Mae and Freddie Mac saying about forebearance and how does this compare with the housing crisis in 2008? And on a lighter note, I'll talk about the City of Scottsdale process server who felt it was essential to come to my door and serve me a photo radar ticket during this time! Enjoy, Diane
Top 5 Reasons to Buy A House NOW in Arizona
And yes, we do mean now! We are definitely in uncertain and unprecedented times...with the volatility in the stock market a lot of people are worried. It turns out the virus isn't the problem. It's the panicked reaction to it - fear and anxiety is really out of control. Things are changing constantly and we're all trying to find a new "normal". I'll share a funny story about a valet who presented himself as "not afraid of all this germ stuff", and what I saw after we shook hands.. Then we'll jump right in to the top 5 reasons to buy a home right now (yes, right now) in Arizona. You need somewhere to live! Cash investors are out - which can be good for you! Prices are going to continue to rise Affordability is normal Prices are going up...but mortgage interest rates are DOWN And we may even give you a bonus reason!! I talk with the regular cast of experts Tom Ross with Bay Equity and Tina Tamboer with the Cromford Report. Thanks to Michael Land who put together our incredible theme music (visit MichaelLandMusic.com for more info), and Brian DuBose with OnWeb Productions who puts the podcast together!