You should certainly get into the market, if you are not a high ratio buyer, meaning you have a good down payment. As with any shift in the market, unfortunately, some buyers and sellers will get stuck in the cracks of the market. We have created an investor list to help our Sellers who are struggling with their properties and need to sell. Due to the urgency of the sale and less ability to showcase the listings at the current time, that will be reflected in the price offered. If you are an investor or a seller who is looking to be added to our list, feel free to message me and we could have a virtual coffee time to see how best we could help you!
What Should You Expect When Purchasing During the COVID-19 Period?
If you are buying during this COVID-19 period, you need to lower your expectations in terms of the showings. Many properties will have restrictions or no showing during the COVID-19 time frame. You may need to buy a site unseen. We can certainly help you to get as much protection on your purchase when you do so. We will see many stressed Sellers who need to sell during these times and can not afford the liability of uncertainty. So that’s the trade-off for you.
Does It Affect You if You Are Buying and Selling at the Same Time in Our Current Market?
Not! If you are selling low and buying low, selling high and buying high, selling in the hot market and buying in the hot market, or selling in the low market and buying in the low market, the state of the market does not affect you one way or the other. The only upside is, that if you are selling an inferior property and buying a superior property, in our current market, you are putting more money back in your pocket by upsizing. Call me to walk you through the process and the logic behind it.
Last but not least. If you are not selling or buying, then our current state of the market does not affect you at all. So don’t stress over it and live a good life!
Hope this helps you and your family during these tough times. Don’t hesitate to reach out if you have any other questions or concerns. Our team of Real Estate, Legal, Finance, and Insurance are here to help you with all your real estate needs virtually!
