Market Update: April 2020

In our market update for April 2020, we can confirm that things are not fine, and any agent who tells you otherwise is… probably not fine. Fortunately, most builders have responded to the coronavirus outbreak responsibly and many were quick to shut down their sales offices ahead of the shelter in place (kudos to Lombardo, who went appointment-only about a week prior). Hopefully this brief pause will help to ensure we move past this and get back to real estating/new home constructing ASAP.

In the meantime, we will do our best to continue providing insight into navigating the new home buying/building process during a pandemic; some options to consider:

1) Browse online; let us send you listings, links, info, pictures, words… anything and everything possible that allows you to do research from the comfort of your (current) home. Once the shelter in place is lifted, you’ll be ready to hit the ground running or maybe just walk at a relative pace but you get what we mean.

2) If you need something immediate and can’t wait, might we suggest a builder spec home? Resale transactions are still happening, but you can’t get an inspector out and if you need to do work on the house, good luck getting that started anytime soon. With a move-in ready spec home, there is no work to be done and it has already been inspected by the city or township. We can help you find your new home, guide you through the virtual-closing process, and then stick around to help with the warranty. As we do.

Whatever your needs or urgency, let’s discuss the best and safest route for you and your family’s new home search.

Lou Bitove & Jeff Bortnick, owners of The New Home Experts®, have more than 35 years combined experience in real estate, much of that with builders like Pulte & Toll Brothers.  They also provide market research for area builders, developers and national firms.  If you’re considering a new home, remember: the builders rep represents the builder, not you.  Work with the only local agents in Metro Detroit to specialize in new homes, and save money in the process – ask us how!