Nearly half of Americans, about 46%, are considering a move during the pandemic, but why? Many are hoping for a change, some are looking to cut costs, and others feel they need more space, different features, or just want to live in a different part of town. But, there are important first steps to take before you start your home search.
Having a pre-approval in place before you start your home search let’s you know exactly what you can and can’t afford. This way you won’t be looking at houses that are out of your price range and you won’t be disappointed. Secondly, a pre-approval shows a seller your are serious and motivated when it comes time to make an offer. Lastly, with low inventory, historically low interest rates and pent up buyer demand, some markets are experiencing bidding wars, multiple offers and houses going very quickly. Being pre-approved gives you the competitive edge you will need to compete in a fast paced real estate market.
The next best thing you can do is to have a trusted guide by your side helping you navigate the ins and outs of home buying during a pandemic is crucial to a successful sale. An experienced, local realtor that has a finger on the pulse of the market, and has taken the time to completely understand your needs and wants as it relates to the current market conditions will be your best move.
Want to see if we would be a good fit? Schedule a call today!