Fear & Loathing in Real Estate

Fear & Showing in Real Estate

April 2020

As a realtor who’s worked on top teams in both Silicon Valley and NYC my inbox has been flooded with the same question, “Where do we go from here?” My Buyer clients want to know if I expect opportunity to arise after local stay-in-place orders are lifted and my Seller clients want to know if they’re going to need to adjust their sale price expectations. The answers: Yes & Yes. At least for the near future!

If you’re thinking of buying a home, now’s the time to get your ducks in a row. Banks are offering historically low interest-rates, although some big banks are tightening their lending requirements. If you’re able to be flexible and nimble, now’s a great time to get your financial documents ready for a pre-approval process, research lenders, and, most importantly, partner with a realtor you trust (ahem, ahem)! Sellers are going to be more flexible on terms and price than we’ve seen in years. How long that’s going to last — no one knows!

If you’re thinking of selling a home, now’s the time to (safely, and always in accordance with your stay-in-place directives) do some small projects around the home which will help your home move when the market’s back up and running. One of my favorite projects…screwless outlet covers! Yup, this is a cheap upgrade to your electrical outlets which make a huge visual impact. And here’s the truth, when buyers see that you’ve put that much thought into something as small as your electrical outlets it sends the message that you really cared about your home — The home they’re considering buying!

That’s it for now. Please feel free to reach out with any questions or concerns. And if you or anyone you know needs real estate help in the Bay Area (especially the San Fran Peninsula/Silicon Valley) please reach out at perry@perrysilver.com or 650-400-2101.  
ps – Here’s what I’m obsessed with while Staying-In-Place

WATCHING: ZeroZeroZero on Amazon Prime
DRINKING: Chef Jonathan Waxman’s Margarita in my hammock, my dining room, my living room…
LISTENING: Nick Kroll and John Mulaney’s new (absurd) “true crime” podcast.

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