Leeloo
Robin
My husband and I are looking to purchase our first home. We started the process before COVID and then obviously had to put it on hold. But we feel now is the perfect time to start looking again.
We have a little saved and our budget is low to median for the area. Our credit is good and we are pre approved for a loan within our means at a decent rate. We have a trusted new realtor who helped my parents find their current house.
I’m wondering if anyone has bought any property recently and could share advice on how the pandemic economy factors effect the process?
One thing we have noticed is that we expected it to be a buyer’s market with lots of people being foreclosed out of their homes due to COVID. However the opposite seems to be the case and there’s not enough homes for the demand. Sometimes a listing will have several offers before we even hear about it. Are people just offering sight unseen and just being super competitive right now? I don’t know much about real estate and it’s been frustrating not to have had much luck.
We have a little saved and our budget is low to median for the area. Our credit is good and we are pre approved for a loan within our means at a decent rate. We have a trusted new realtor who helped my parents find their current house.
I’m wondering if anyone has bought any property recently and could share advice on how the pandemic economy factors effect the process?
One thing we have noticed is that we expected it to be a buyer’s market with lots of people being foreclosed out of their homes due to COVID. However the opposite seems to be the case and there’s not enough homes for the demand. Sometimes a listing will have several offers before we even hear about it. Are people just offering sight unseen and just being super competitive right now? I don’t know much about real estate and it’s been frustrating not to have had much luck.