Summer is in full swing, and it seems nothing can stop serious homebuyers from fulfilling their homeownership dreams even during a pandemic. If you’re planning to put your home on the market, it’s important that you practice safety measures to ensure that your family and potential homebuyers are protected from the coronavirus disease of 2019 (COVID-19).
Homebuyers understand that putting a down payment is one of the major requirements when purchasing a property unless they qualify to take out a VA or a USDA loan. Although homebuyers have flexibility when putting a down payment, most homebuyers still find it difficult to save.
The new coronavirus disease or COVID-19 is interrupting the homebuying craze this spring season. Most people who have decided to make the big purchase this time of the year suddenly became cautious of viewing open houses for fears of getting exposed to the virus. You may consider having virtual tours if you’re selling your home on your own and you want to showcase the beauty of your home to potential buyers as the nation still finds a cure for the COVID-19.
Families may consider relocating to another home because they either want to downsize or upgrade to accommodate the growing needs of a family. Some families planning to relocate may find it beneficial to use a bridge loan, especially for those who want to avoid the stress related to finding and moving to a new home.