What You Can Do to Keep Your Dream of Homeownership Moving Forward
While COVID-19 may have many of us sidelined from our usual activities, you don't have to press pause on your real estate plans just because you're staying home.
Here are four things you can do right now to keep your home search on track so you're ready to go when this health crisis subsides.
01. Get Pre-Approved
Pre-approval for a mortgage will give you a better understanding of what you can afford, and it shows you're a serious buyer. We wrote a blog about the importance of pre-approval that you can read here. Gather the necessary documents like your income verification, credit history, and asset documentation while you're spending some extra time at home, and get in touch with a qualified lender to get the process started. We work with several partner lenders that we trust and are happy to make a recommendation if you need one!
02. Virtually Connect with an Agent
Today, more than ever, it's important to start working with a trusted real estate advisor, so you're ready to move quickly when the time is right to buy. Whether you chat by phone or video conference, a real estate professional can help you understand how to navigate the changing dynamics of today's market without bringing your plans to a standstill. We have a full team of experts ready to assist you. Connect with us here.
03. Do Your Down Payment Research
This is a great time to investigate down payment assistance programs in your area, especially if you think you might benefit from a low down payment option when you make a home purchase. It's also possible that you already have down payment funds at your disposal that you aren't even aware of! Read our blog about these "secret" sources of down payment money.
04. View Listings Online
You may not be able to check out homes for sale in person right now, but you can still look online for what's available in your area. Use virtual tours and online listing photos to make note of your must-haves and nice-to-haves in a potential home. You can browse all available properties here.