Thank you for reading my monthly newsletter each month and staying in touch with me!
Typically August is a quieter month in real estate as individuals and families squeeze in a last minute vacation and and/or prepare for Back To School and we see it pick back up in 4th quarter. However, as mentioned in last month’s email newsletter, we’re a few months behind the “normal” real estate timeline. Summer real estate activity reflected what we normally see the first of spring and that momentum continues into August.
Inventory of homes currently on the market continues to be lower than this time of year in years past, often resulting in multiple offers for sellers. On the surface that sounds great but it can be overwhelming, stressful and confusing when comparing offers and all the detailed criteria involved to determine the best offer for the seller.
Interest rates are falling below 3% for a 30yr fixed loan term and buyers are able to purchase more home for their dollar, which often results in competition with other qualified buyers on the same house. This too can be overwhelming, stressful and confusing when comparing all the criteria involved in making an offer that will get accepted by the seller. Both sellers and buyers need representation by a dedicated real estate agent more than ever before, in my opinion.
I can help! Please rely on me to provide answers to any and all questions you have about buying or selling in 2020 and 2021.
This unique situation in the market has required real estate agents, sellers and buyers to adapt and set new and different expectations in regards to the buying and selling process. Whether you’ve bought and sold before or taking the advice from someone who has, I assure you, this climate is nothing like you’ve experienced in years past.
To say 2020 has been unique is an understatement. Thank you for your support and referrals. I’m thankful I chose this profession to help you while providing for my family.
On a personal note, we just celebrated my son’s 8th grade graduation from St. Simon last Friday and he’s off to High School in just over a week. He’ll run cross country for Cathedral and hopes to make the freshman basketball team. My daughter starts 6th grade and is already sharpening her kickball skills in preparation for the CYO kickball fall season while also attending basketball conditioning to prep for the winter season.
As former athletes all through our school years, and active still in many ways, Pat and I look forward to watching their competitions, cheering them on, encouraging them and spending time as a family through their activities.
Many blessings to you and yours!
F.C. Tucker Geist Fishers
The Tumbarello Group