Coronavirus’ Affect on Real Estate
There’s not one person or business in the country who hasn’t been affected by the global coronavirus pandemic. The pandemic has turned entire industries on their heads and brought others to a grinding halt – and real estate is not immune.
Tips for Buying and Selling During Coronavirus
Purchasing a home, including meeting with real estate personnel or touring homes, will be difficult but is well worth it if you’re ready to pull the trigger.
Selling During Coronavirus
It’s a fantastic time to buy but the seller’s market has cooled off dramatically. The best tips for selling your home during the coronavirus pandemic are patience and safety. It will take longer than average to schedule viewings but most potential homeowners currently browsing are ready to buy.
Options for Homeowners Unable to Pay Mortgage
The pandemic has cost thousands of Americans their jobs. Many homeowners who have never missed a mortgage payment are being forced into financial hardship and are unable to pay their mortgage on normal terms. There have been stimulus payments made to most Americans, but stimulus payments can only go so far.
Forbearance and Deferment
Getting Help from Real Estate Professionals
Finding yourself underwater on your mortgage is intimidating to any homeowner but getting a real estate professional on your side can help you through any mortgage issues or help you secure the best possible outcome. Reputable professionals like Storck offer forbearance and deferment help, so you can make sure you stay in good standing with your lender.
Achieving Real Estate Goals During Coronavirus
Coronavirus has had a devastating impact on the world including many Americans’ mortgages. If you’re in danger of missing payments, it’s recommended to call your lender immediately to discuss options or use the help of real estate professionals like The Storck Team.