Update as of April 5, 2020
The real estate market does not (and cannot) go down overnight, but rather goes down bit by bit if the right variables are pressured. This varies from the volatility that naturally exists within the stock market where stock portfolios and 401K’s can realize double-digit declines overnight.
This is exactly why real estate is your most valuable asset, especially if you are in a more protected market where there will always be more people looking to stay than leave. Yes- this also includes the suburbs of Boston as well. Boston’s ecosystem of hospitals, universities, businesses, and other institutions lends for it to be one of the more recession-proof real estate markets. This is not something to take lightly. Your first home purchase will very likely be your largest investment to date and that is why being informed helps alleviate the fear of the unknown. Which is actually what holds most buyers back or delays purchasing decisions.
Regardless of economic conditions and uncertainties, real estate continues to be an asset class to be involved in. People are ALWAYS going to need somewhere to live. Because of life circumstances, there will always be people needing to sell, and there will always be people dire to buy.
I TRULY feel everyone’s situation is different and that is why I would be happy to discuss your goals and how real estate can help you achieve them. I understand all this ...indoor… time is probably making some of us re-evaluate how our current spaces are serving us.
Lastly, I wanted to address a question I am getting on the daily...
HOW IS THE MARKET?
Some of my buyers and sellers are telling me they would like to hold off for now, and I’m supporting that decision while I continue to communicate and keep them aware of what’s next. Some of my clients need to sell or buy right now and they’re doing that with our protocols for safety, smart and mindful marketing, virtual showings, and more. This is important because like any market, the real estate will always come down to supply and demand.
It is my goal to keep you informed, involved, and empowered so you can make the right decision for you and your family. Please give me a call at 781-667-2770 if I can answer anything for you.
Or pick a time here: https://calendly.com/shannonsisk