The coronavirus is affecting nearly every aspect of life and we want to make sure you have some tips to help you continue your home shopping journey.
There are some perks to not being able to travel and be out and about, you can save some money! This money you are saving up would be great to put toward your dream home and we are ready to help you. There are no clear answers related to COVID19, so we want to empower you to be able to continue your home shopping process, especially while we are all waiting for a path forward.
Tip #1 –
- Act fast while the mortgage rates are low and take advantage of the volatile environment to get a lesser house payment.
“Generally speaking, when the economy is struggling, mortgage rates fall,” says Beatrice de Jong, consumer trends expert at Opendoor. “However, the situation we’re in now is unprecedented and rates are constantly changing due to the volatile market. Though rates are increasing today, they could decrease tomorrow.”
- Start the home hunting process early, so there is time to alternatively view homes because the days of open houses are on pause, it will take some creative thinking and restructuring. Ask your real estate agents to provide you with a virtual tour.
- Utilize your strong communication skills to outline your wants and needs to your real estate agent. Make sure that they are able to assess the housing inventory on your behalf. This will quicken the process and reduce the number of human interactions throughout the transaction.
For more tips on saving money for your homeownership dreams connect with Cheyenne’s Dave Ramsey, Endorsed Local Provider (ELP), Steve Prescott today at 307-630-9342 or online.