Modern Market Realtors offers complete real estate services in the Fargo / Moorhead area.
Now that there are confirmed COVID-19 cases in Fargo, Moorhead area, We still do not have any hard data on how this may affect the viewing of properties for sale in North Dakota or Western Minnesota. Many things have changed in a very short time throughout the spread of the coronavirus (COVID-19). People need to remember that every single time we've seen a downturn in our economy, our market has recovered 100 percent of the time.
Should we be worried about the real estate industry and is now the time to refinance your home?
Many homeowners locally are refinancing and saving money now that the federal reserve lowered interest rates.
Experts urge you to be cautious because not every lender is passing along the savings.
Should you refinance? We can't answer that for you specially but is it worth a call to your local lender or local realtor? Yes,
You wouldn't know it by looking down the street but many real estate agents and lenders are bracing for potential impact.
Modern Market Realtors encourages members to have open and honest conversations with sellers about the pros and cons of holding an open house so they can make informed decisions based on local risk factors and their comfort level. These types of conversations are also happening with buyer clients regarding how they choose to view homes.
“We have heard local reports that folks are taking advantage of video and virtual tours, which allow buyers to view listed homes from anywhere, and instead of making appointments, some listing agents have implemented ‘showing hours’ to limit the number of people who visit the property to a predetermined time frame.” How big of an impact and where and how it hits is still kind of a mystery; we're taking it day by day at Modern Market Realtors.
These unique challenges will pass in time. I remain optimistic for the future. Thank You Health Care Workers" and "Everything Will Be Alright." We will get through this, together, because we are a resilient community and society.”
