Title Page Background

shutterstock 543465730

Are you in the market for a new home? Although the outbreak of COVID-19 has made the process of searching for a home more challenging for much of 2020, it is still possible to purchase your dream home this spring. Keep reading and discover a few tips designed to help you at different stages of the home buying process during COVID-19. 

Consider a COVID-19 addendum

COVID-19 addendums are becoming increasingly more common in various real estate markets across the country. Buyers are looking to provide themselves with another layer of protection with their home purchase because of the uncertainty caused by COVID-19. For example, if deadlines in terms of the contract get pushed back due to COVID-19, an addendum will protect you. Once you have found a home you want to buy, be sure to speak to your realtor about including a COVID-19 addendum. 

Invest time in pre-approval

One of the best steps a home buyer can take when beginning their home search is to get preapproved for a mortgage. This fact remains to be true during COVID-19. Sellers are far less inclined to entertain interest from buyers who are not pre approved because they are seen as less serious buyers. Another benefit of being pre-approved is that you will likely have a better idea of how much you have to spend. After you receive your pre-approval letter from your lender, you will know your exact price range. This knowledge will allow you to narrow down your home search, as well as you to quickly act on a home that was recently placed on the market. 

Use virtual showings

Your safety should be your number one priority during your home search. By using technology to aid the buying and selling process, you can help to protect the health of buyers, sellers, and agents during COVID-19. If possible, attend virtual showings and walkthroughs before attending any in-person showings. The goal of buyers should be to limit the number of homes that they physically walk through. In other words, only attend in-person showings if you are seriously considering submitting an offer. 

Advertise With Us

Advertise With Us
Apply to be the Exclusive Foreclosure Expert in your Region... Learn More!

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

5 Most Expensive Mistakes (subpage sidebar)

Top 5 Mistakes

Follow Us

Facebook Icon Youtube Icon Twitter Icon Mimian Icon
AddThis Social Bookmark Button