Must-Know Lessons For Buying a Home Right Now

Dated: September 4 2020

Views: 704

Must-Know Lessons For Buying a Home Right Now

House hunting is always a process—but in the midst of COVID-19, there are even more things to know and learn about successfully finding and buying a home.

But what, exactly, are those things? What do you need to know to find and buy a home right now?

recent article from realtor.com outlined key lessons home buyers should know if they’re shopping during COVID, including:

  • Don’t bank on getting a deal. Considering how much the pandemic has affected the economy and peoples’ jobs, you might expect that it would have directly impacted real estate values. In many areas that just isn’t the case. In fact, if anything, prices have stayed steady or even gone up. And there are a lot more buyers than houses for sale in many areas, making competition stiff.
  • Get pre-approved before you start house hunting. This is always the first thing you should do before looking at houses, even when there isn’t a pandemic. But, due to the current events, many mortgage lenders have changed their lending requirements—so before you get too deep into the house hunting process, make sure you get pre-approved and can get access to the funds you need to buy a home.
  • Work with an agent you trust. Working with an agent you trust is also always important—but it’s especially important now, when you may be relying on a virtual tour to determine whether you want to make an offer on a property. Not only can your agent walk you through the entire buying process, but because they’ll actually be on site giving you the virtual tour, they can clue you in to potential issues you might have missed on video—which can prevent you from making an offer on a house that isn’t the right fit.

There are a lot of factors that make this a perfect time to buy a home. Just make sure you go into it with realistic expectations, and are aware of the actual current market conditions in the area you are looking.

Blog author image

Lee Ferreira

I grew up in New Jersey and worked as a paralegal for a personal injury firm for over 8 years and then became a stay-at-home mom while raising my 2 daughters. I moved to Bethlehem, PA in 2003 and have....

Latest Blog Posts

Tired of the Term “Cozy”? Here Are 15 Real Estate “Code Words” with Funnier (And Fresher) Alternatives

Tired of the Term “Cozy”? Here Are 15 Real Estate “Code Words” with Funnier (And Fresher) AlternativesReal estate listings take a lot of heat for using certain “code

Read More

12 Classic Mom Sayings That Double as Real Estate Advice

12 Classic Mom Sayings That Double as Real Estate AdviceMoms have a signature way of getting their point across — usually in one-liners that are equal parts hilarious, heartfelt, and

Read More

6 Ways Finding Your Dream Home Is Like Finding a Four-Leaf Clover

6 Ways Finding Your Dream Home Is Like Finding a Four-Leaf CloverSearching for the perfect home can feel like trying to find a four-leaf clover in a field full of three-leaf clovers. It’s as

Read More

Dear Real Estate (A Valentine’s Day Love Letter)

Dear Real Estate (A Valentine’s Day Love Letter)Dear Real Estate,Remember when we first got together? People didn’t think we’d last. Maybe they didn’t always say it, but they

Read More