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Joe Boozer
May 2020
Real
Service! Integrity! Results!


Home Improvement Projects to Tackle During the Quarantine
You’re working from home, which means you don’t have a commute, which means you have extra time on your hands.
      You’re working from home, which means you’re bored, and you’re looking for stuff to do. If you own your home, that “stuff” probably means home improvement projects. We’ve got tips on what to tackle during the quarantine.
      Do an even deeper clean than usual It is spring, after all. This year, in addition to your annual spring cleaning list, add a few tasks that are specifically intended to kill germs and improve the air quality in your home. 
      “It’s best to check if your
Mortgage Rates
U.S. averages as of May 2020:


30 yr. fixed: 3.33%
15 yr. fixed: 2.86%
5/1 yr. adj: 3.28%






your cleaning materials are in the list of approved products released by the US Environmental Protection Agency and the Centers for Disease Control and Prevention (CDC),” said the Philippine
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Should You Ask for a Forbearance?
     Whether you’ve lost your job, are worried you might be about to, or are finding your finances crunched by the coronavirus pandemic, you may be thinking about asking for a forbearance on your mortgage. But should you? Will it really help put you in a better financial position? 
      We’re breaking down the details. 
      What is a forbearance?  “Forbearance is a temporary postponement of mortgage payments,” said Investopedia. “It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.”
      The key words here are “temporary” and “postponement.” Forbearance is a way to delay your mortgage payments



How to Sell Your Home Now
     Everything has changed in the real estate world, seemingly overnight. The incredibly hot market of the past couple years has taken a hit as the coronavirus has made its way across the country, and the world. But homes are still selling. Not with the same frequency, but people still have to sell. 
      If you’re one of them, you’re probably wondering what to do right now—especially since in-person home tours aren’t happening. These tips will help you get your home to stand out and get it sold even when others aren’t moving.
      Spring for enhanced virtual tools It might cost you a little more, but creating a virtual experience for your home is as close as you can get right now to showing buyers what it would be like to walk through the place in person. 
      "As we've suddenly found ourselves adapting to a new normal, the meaning of home has never meant so much to

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Local Real Estate Update!

 

As we move into the normally busy home buying and selling season locally it is still a little early to know just how active our real estate market will be, but signs are that we will be experiencing a major upturn in sales as spring progresses, especially if the pandemic continues to show signs of abating and the economy comes back to life!  Statistics in some major markets are already showing an upturn in activity, back to almost or above that of a year ago at this time!  It is still too early to tell just how things will progress, but we are keeping a close watch on activity! 

Real estate is a long term investment and there is still a large pent up demand for home purchase by that segment of the public that do not now own a home.  Also, the need for families to move up or down as family status changes or job relocation make a move necessary! Historically low interest rates at the present time are another factor pushing sales! Interest rates remain very volatile, but are still at almost historic lows!

Inventory of homes for sale continues to be low, dropping even below the 2 to 3 months of unsold inventory experienced at the end of last year--inventory has dropped to as low an 1.5 months (average level is considered about 6 months in a "balanced" market).  We are in an extreme "seller's market" with inventories as low as they are, especially in the entry level housing up to around the $600,000 range in San Diego County.

If you have thought of buying and/or selling please give us a call for a no obligation consultation on your particular situation!  We can keep you informed as the month progresses and advise you if it looks like the time to plan your move! We can handle your purchase and/or sale and if you need property management assistance, we also can provide that! We have instituted "virtual' home tours and showings and maintain strict "social distancing" and safety procedures to keep everyone safe.  Almost all paperwork an be done via digital signing!  We are here to help and answer any of your questions.   Give us a call or text us anytime!

 
 


  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
April Real Estate Roundup
The Best Ways to Improve Your Air Quality and Ward off the Coronavirus
Smart Ways to Save During the Quarantine
Four Ways to Raise Credit Scores by This Fall
From Lock Down to Rock on…Are You in Overwhelm?


Joe Boozer, Broker GRI
E-mail: joeboozer@cox.net
Website: http://JBProperties.Org/
619-988-7222 cell
NCAB, INC.
6199887222
1081 BORDEN RD SUITE 103, Escondido, CA 92026


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