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 there are buyers and sellers that will get stuck in the crack of the market. We have created an investor list to help our Sellers that are struggling with their properties and absolutely 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 on 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 definitely 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 expectation in terms of the showings. Many properties will have restrictions or no showing during 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 that 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?
Absolutely NOT! If you are selling low and buying low, or 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, if you are selling an inferior property and buying a superior property, in our current market, you are actually 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 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 aIl your real estate need VIRTUALLY!