REAL ESTATE 2020 | Real Estate Is Still Happening by Penny O'Brien, Realtor

REAL ESTATE IS AN ESSENTIAL BUSINESS AMID THE PANDEMIC

Real Estate was deemed an essential business. Buyers need to buy and sellers need to sell.

Closings are happening as scheduled with more documents signed in advance and only the principle parties attending a very short closing. Movers, inspectors, appraisers and realtors are finding their new normal.

Spring 2020 started as a crazy busy season. Low inventory was the catalyst for quick sales and multiple offers. While the market has slowed down by more than half, there is still a pent up demand. An updated home, priced right can still sell quickly under shelter in place.

There will be many financial challenges in the near future, but housing is not the driver. In 3 of the last 5 recessions home prices actually increased! Goldman Sachs GDP Forecast indicates no immediate growth but gains are forecasted in the second 1/2 of 2020.

ABOUT PENNY O'BRIEN

BAIRD & WARNER – One word that consistently comes to clients’ minds when they think of Penny O’Brien is “hustle.” As a Seller Representative Specialist, she loves meeting with sellers to discuss pre-market home improvements and guide them to make their home “showtime ready” when it hits the market. She strongly believes in professional staging and offers it as a complimentary service. With a reputation for “good-looking listings,” she helps clients realize a higher return and quicker sale. Penny says “Staging transforms a home from average to amazing”. Penny O'Brien Broker, Relocation Specialist and

Negotiation Expert • (630) 207-7001 • penny.obrien@bairdwarner.com