Buyers: Staying Informed During Covid-19.

Dated: 03/28/2020

Views: 55

Is it possible to buy a home right now?

People across the country are practicing social distancing, or, in some areas following public health orders to stay home.

This means you might not be able to walk through a home with your Realtor, and your Realtor might not be in a position to show you homes in person.

As the Real Estate market has began to change, we have been changing and growing with it. We have gotten creative with the way we show properties. Whether it's a 3D tour of a home, or a video tour. Home video tours are where your Realtor walks through the home with a camera allowing you to watch virtually at home. 

What can I do now to be ready to buy?

1. Find Your Price Range

If you're serious about buying a home, we have a team of lenders that can work with you in getting your pre-approval. Once you're pre-approved you will have a better sense of the price ranges that are the most affordable for you. This way, you can narrow down homes on the market. Be aware, that your pre-approval is ushually only valid for 60-90 days. Make sure you have documents available such as tax returns, W2's, pay stubs and bank statements. Lenders may also want proof of your down payment. 

2. Keep Saving

If possible, continue to set money aside for your down payment. Your down payment amount wont be the only funds you will need to purchase a home. Your lender will require you to pay closing costs, which can cost about $5,000 on average.. as a buyer though, you may be able to have the seller cover all or some of your closing costs.

3. Check Your Credit

Your credit score can impact the interest rate you qualify for. You can request a free copy of your credit report from any of the three major credit reporting agencies. Review it carefully and check for any discrepancies. Work on improving your score, by paying down or paying off credit cards. (Do not close them though!) Do not take out any large loans at this time.

4. Gather Info. and Advice

Look online to see what's available in your price range. Learn about the towns you would like to live in. Think about your must-haves and nice-to-haves so you can focus on your search when you're ready to take the next step! When you're ready to start house hunting either virtually or in-person, we are ready to help YOU!

Blog author image

Amanda Lucido

Working in Real Estate is a never-ending learning experience. That's why I love it. Watching my mother working in Real Estate intrigued me. Helping clients, showing properties, and hosting open houses....

Latest Blog Posts

26 Lydia's Island Road Wareham MA ~ aka Paradise!

Paradise awaits you! Secluded, private, quiet and off the beaten path. 300 feet of sandy beach, on a protected salt-water bay with deep-water access to Buzzards Bay, Cape Cod Canal and Cape Cod Bay.

Read More

Buyers: Staying Informed During Covid-19.

Is it possible to buy a home right now?People across the country are practicing social distancing, or, in some areas following public health orders to stay home.This means you might not be able to

Read More

How to be competitive in a bidding war!

One of the most stressful situations in home buying occurs when other buyers are competing for the home you want. To make an offer on the perfect house only to find out you have entered a bidding

Read More

December 2019 Bourne, MA Market Update

Happy New Year everyone! ?Here’s my Bourne Market Update.We are still showing signs of a healthy market, inventory is low which indicates that we are still in a sellers market. Beat out

Read More