While we are all still in the midst of a global health crisis due to the COVID-19 outbreak, your health and safety should always come first.
But even with COVID-19 containment measures in place, you don’t have to hold off your homebuying plans completely. There are still important steps you can take to keep the process moving forward.
Here are four things you can do if you are determined to buy a house at this time:
- Build up your credit score and savings
One unfortunate effect of having area-wide lockdowns and restrictions against in-person meetings is that many steps in the homebuying process are slowed down as a result. While these delays are a hassle, you can use the extra time to your advantage.
With more time in your hands, turn your attention to your financial requirements.
Work on saving more for a larger down payment, so you can secure a favorable mortgage amount with excellent terms. In addition, take steps to improve your credit score like paying down any outstanding debts or reporting errors in your credit report.
Use this time to get pre-approved for a mortgage, as well. Having a clear idea of your actual purchasing power will help you manage a homebuying budget during this time of uncertainty.
- Dive deep into your online research
Modern homebuyers have always had the advantage of the internet as a starting point for house hunting. But now that your mobility is limited due to COVID-19 containment measures, online resources are your best bet to learn about potential new homes and neighborhoods.
When perusing listings online, look beyond the staged photos and flowery language that deliberately focus on the property’s best features. Read through every detail and look for possible problems and questions you might have about the property.
Use this time to research as much as you can about the surrounding neighborhood, as well. You likely won’t be able to drive around and talk with current residents in the area, so online articles and community guides are the best way for you to understand or get a glimpse of the local lifestyle.
Always keep your notes written or recorded. Set up a spreadsheet so you can organize and compare details in an easy-to-view format.
- Take a virtual tour around your prospect homes
Real estate agents have adapted quickly to the times by adding virtual home tours to their list of services. Thanks to high-speed, high-quality video conferencing technologies, homebuyers can explore and scrutinize prospect listings from the comfort and safety of their own houses.
Make the most out of every virtual home tour by being as thorough with your questions as you possibly can. Every detail matters, no matter how trivial it may seem to you.
- Ask your agent for help
When buying a house, it always pays to have the guidance of a well-informed and well-connected professional. This is especially true now, amid these unusual and rapidly evolving times.
Trust your real estate agent to provide you with the best advice and assistance. Guided by the latest market data and industry insights, they will watch out for your best interests in the homebuying process so you can focus on your safety and well-being.
Find the home of your dreams with confidence and ease in the La Cañada Flintridge real estate market when you work with me, Kathy Seuylemezian. Give me a call at 818.949.5205 or email kathy(at)imuragent(dotted)com today.