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The Economic Impact of Buying & Selling a Home

Life, in general, is changing – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. The Real Estate Market is changing, too. In response, we have been quick to adapt to these new virtual times. Although the market has changed, it has not and will not stop. Rest assured that a real estate market does still exist. In these challenging times, we have been reminded that having shelter is one of our three basic needs, and we are proud to help take care of that need for you and your loved ones.

At GARDNER, REALTORS, we are committed to safely meeting the real estate needs of Louisianians and Mississippians. Over the past few weeks, we have:

 •  Designed and embraced a virtual start-to-finish transaction system
 •  Launched innovative marketing strategies including Imoto 360 Walkthroughs, virtual open house campaigns with screen sharing, multi-channel virtual marketing promotional campaigns
 •  Held 100+ LIVE timely and relevant virtual training sessions to support Realtors so we can continue to be your trusted real estate advisor through these times of uncertaint
 •  Connected our national partners to our Realtors with updates on economic forecasts, mortgages, virtual closings, Realtor aid, and more (We also have had some fun virtual happy hours and lunches to stay connected!)

These are ways that we are adapting and leading in changing times. What isn’t changing, however, is one key thing that can drive the local economy: buying a home. If you’re in a position to buy or sell a home today, we hope you know that you’re a major economic force in your neighborhood. Additionally, there are still buyers who want to buy a home and sellers who want to sell a home. Meanwhile, many buyers are home dreaming up their next move. While we all wait patiently for the current pandemic to pass, there are many ways to stay on track with your real estate goals. 

Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
“The total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending, and title insurance.”

When you buy or sell a home, you’re making an impact. You’re fulfilling your need for shelter and a place to live, and you’re also generating jobs for everyone involved. The effect is multiplied in times like these!

You have an essential need for a home – and you can make an essential impact with homeownership, too. That need for shelter, comfort, and a safe place to live will always be alive and well. And whenever you’re able to act on that need, whether now or later, you’ll be creating gains for you, your family, local business professionals, and the overall economy.

Bottom Line

Whenever you purchase or sell a home, you’re an economic driver. There is a real estate market, and people are at home dreaming up their next move.

Even if you’re not ready or able to make a move now, there are things you can do to keep your own process moving forward so you’re set when the time is right for you.

I’m proud to be your local expert at a local company like GARDNER, REALTORS. Let’s connect to keep your home search – and your local contributions – on track.

Minh Doan »
Minh Doan Cell
985-626-8589 x8888
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One Causeway Place, 1119 N. Causeway Blvd., Suite 2
Mandeville, LA 70471 USA
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Copyright © 2021 Latter & Blum. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Brokerage firm Licensed in Louisiana and Mississippi.
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