The coronavirus pandemic has caused a lot of uncertainty in the world, and that includes the housing market. Whether you’re a first-time homebuyer or a seasoned pro, buying a house during a pandemic comes with its own unique set of challenges. But don’t worry, we’re here to help! In this blog post, we’ll give you some tips on how to buy your first home in the middle of a pandemic.
1. Get pre-approved for a mortgage.
If you’re thinking about buying a house, the first step is to get pre-approved for a mortgage. This will give you an idea of how much money you’ll be able to borrow, and it will also show sellers that you’re serious about buying a property. Getting pre-approved for a mortgage is relatively easy these days thanks to online tools and mobile applications. However, it’s still important to shop around and compare rates from different lenders before you commit to anything.
2. Work with a real estate agent you trust.
It’s important to work with a real estate agent who you can trust, especially during these uncertain times. Your real estate agent will be your guide through the entire process, from finding homes that fit your budget and needs to negotiating on your behalf. When interviewing potential real estate agents, be sure to ask them about their experience with pandemics and other major life events (like natural disasters) so that you can be sure they’re prepared to help you navigate through this process.
3. Look for virtual tour options.
In the age of social distancing, many buyers are opting for virtual tours instead of in-person showings when looking at houses. While nothing can replace an in-person showing, virtual tours are a great way to get an initial look at properties before deciding whether or not you want to schedule an in-person showing. Many real estate agents are now offering virtual tour options for their clients, so be sure to ask about this when you’re interviewing potential agents.
4. Be prepared for delays.
The coronavirus pandemic has caused delays in every aspect of the homebuying process, from getting pre-approved for a mortgage to scheduling in-person showings. It’s important to be patient and understand that things might take longer than usual. Be prepared for delays by having realistic expectations and staying flexible throughout the process.
Conclusion:
Buying your first home is a big decision even under normal circumstances—but it can feel downright impossible during a pandemic. Thankfully, we’re here to help! Follow these tips and you’ll be on your way to homeownership in no time: get pre-approved for a mortgage, work with a trustworthy real estate agent, look for virtual tour options, and be prepared for delays throughout the process.
