Things to Keep in Mind About Buying a Home During COVID-19

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Education & Training with Joseph Doohan

In this post I am going to discuss things to Keep in Mind About Buying a Home During Covid-19

 

Is Buying a Home Now During the Pandemic Possible?

Yes, it is possible to buy or sell a home during this pandemic. Real estate transactions are classified as essential services, but must follow each state or country’s social distancing rules. The first step should be applying for a mortgage. 

Source: https://www.thejoeeconomy.com/personal-economy/5-things-to-keep-in-mind-about-buying-a-home-during-the-covid-19-pandemic/

 

Things That May Impact The Homebuying Process

There are at least five things that might impact the home buying experience:

 

Social Distancing:

The home seller might not want strangers in their home or only one person might be allowed to visit the home at a time. Or, the Realtor might tour the home with a phone or digital camera showing the house on Face Time or Zoom. Realtors might make a pre-recorded video or 3D walkthrough with interactive floor plans for each house they have listed to sell.

 

Source:

https://herbots.weebly.com

https://www.mioola.com/herbots/

https://dashburst.com/herbots

 

 

Less Competition:

There may be less competition from other buyers. This means there might not be the bidding wars so common a few months or years back. The home seller might be more willing to look at offers. At the same time, there will be fewer homes available to consider buying. 

 

Home inspections:

There might be a problem getting a home appraisal or a home inspection done before closing on a property. A digital version of these processes might have to be enough. This means buyers are purchasing homes with fewer assurances as to value and condition.

 

Sources:

https://www.exchangle.com/Herbots

https://herbots.dropmark.com/803125

http://quicklinkr.com/herbots/public

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Will Hamm 05/23/2020 08:25 AM
Topic:
ActiveRain Community
Tags:
house for sale

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Joseph Doohan very good list of tips for buying a home during Covid-19.

May 19, 2020 01:54 PM #1
Rainmaker
3,407,063
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joseph,  Excellent tips of tips in this stressful time we are in.  Make it a Great Day!

 

May 22, 2020 08:10 AM #2
Rainmaker
552,013
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Good points Joseph! The serious buyers are still out and the sellers that have to sell are allowing showings with PPE and precautions and waivers signed!

Thanks for sharing.

Sincerely,

 

Grace

May 26, 2020 02:23 PM #3
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joseph Doohan - these are good sources.  Each state is handled slightly differently.

Jun 01, 2020 05:35 AM #4
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Joseph Doohan

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