Published by: R. Smetak | 5/11/2020

Can You Buy and Sell A House During the COVID-19 Situation?

Are you interested in selling or buying during this uncertain time?

Are you interested in selling or buying during this uncertain time?

Let’s start with the basics:

Selling a Home

Mortgage rates are currently competitive, and many experts predict it will continue this way. With that being the case, many people looking to buy a home will likely want to capitalize on those rates. In which case, you may be in a good position to move forward with listing your home for sale. If you decide to move forward with listing your home, work with an expert real estate agent who can help with virtual tours and listing. If you do decide to sell, take the necessary precautions as your safety is the most important priority.

Buying a Home

If you find a home that makes sense for you, have job stability, and can get financing at historically lower rates, buying a home may make sense — even now.

Stick with the basics when it comes to buying:

  1. Understand how much you can afford. Figure out your budget with your bills and factor the mortgage in. Try not to spend beyond your means to ensure you can maintain the monthly payment.
  2. Find a location that meets your needs. Determine what is important to you in the future.
  3. Make sure the financing you obtain is on terms that work for you now.

We know in these uncertain times there can be a lot of questions. Talk to an expert on our team to see how we can help you. 

We know in these uncertain times there can be a lot of questions. Check out our FAQs for further assistance, or another one of our resources.