If you want to sell or buy a home despite the pandemic, here are some of the things you may encounter.
1. Stricter credit requirements for mortgages
2. Video-only home tours
3. Drive-by home appraisals
4. Unaccompanied inspections
5. Coronavirus clauses
6. Quieter closings
7. Tips for buying or selling a home now
Carefully consider whether you’re financially and emotionally ready to buy a home and whether you need to move right now.
Shop at least three lenders to find the best rates and get preapproved for a mortgage before you start looking for homes. Know that the process may move slower than normal due to COVID-19.
Don’t be surprised by a competitive market. There may be fewer buyers out there, but there are also fewer sellers.
Stay updated on state and local regulations and be prepared for a process that looks different from business-as-usual.