Should I Buy A House During This Corona Virus Pandemic

With mortgage rates so low many people are wondering if they should start their home search or continue in the market because of the Corona Virus health concerns. In this video I am going to share with you a few tips on how to start or continue your home search and practice "Social Isolation" while doing so. All buyers need to understand that the real estate market is ultra local and you should check with you local expert for updated information. CDC Corona Virus Prevention Guidelines Link: https://www.cdc.gov/coronavirus/2019-... ✔Free Home Buyers or Sellers Guide: http://freeebook1.toplirealtor.com/bu...

Transcript From Video:

should you be in the housing market during the current coronavirus pandemic

that's the topic of my next video should you be buying a house during the corona

virus pandemic that's the topic of today's video

can you save money is it safe we'll talk about those important points number one

Lawrence Young who is the National Association of Realtors chief economist

wrote an article on March 9th the corona virus is leading fewer home buyers

searching in the marketplace as well as listings being delayed so you have the

buyer pool and the seller pool both being affected by this

which is being affected more well with not 100% sure its market by market

understand that these things change everyday as the news media feeds us more

information things can get better things can get worse in the actual housing

market so what should you do well if you decide to stay in the market because he

also claims and we also know unless you're new to the housing market that

interest rates are at an all-time low I'm going to include a link to a video

that I have about what's going on with the interest rates right now some

mortgage bankers and economists believe that we haven't seen the bottom yet that

they're gonna get any lower so well that enticement of lower engine very low

interest rates keep you in this market you know versing the health concerns

that are out there that's your decision totally so if you decide to stay in the

market rather than waiting there are certain things that you need to consider

one if you decide you to stay in the CDC has guidelines there is a link in the

bottom of this or in the description that I'm going to give you follow those

follow those guidelines they're very similar to anything else you might do

and I'm gonna give you two important tips to help you with real estate

specifically one is do most your shopping online make your decisions

online look at the photos look at the videos if it's a upscale listing it

probably has some drone shots as well go on Google Earth check out the

neighborhood from goo or do a drive-by and then if you decided

something worth looking at ask your Realtor for a private showing of the

property any multiple any realtor who's a member of the Multiple Listing Service

should be able to get into that property if it's still available you want to

socially isolate as the CDC says keep yourself as far apart from other people

as possible number two if you show up to an open house and you notice it's

crowded the same thing I just mentioned a moment ago call up your broker as for

a private showing or call the broker that's at the open house and say listen

your open house ends at 2:30 can I come in 2:45 when nobody else is there and

get a private showing of the property they should have no problem with that I

know I would have no problem with that I would encourage it so those two

important tips plus the CDC guidelines are the things that you should follow

can you save money we don't really know it's a supply and demand thing and we

don't know which way that's gonna go I hope these tips were helpful please

definitely give me a thumbs up if you found them helpful subscribe and share

the channel with anybody else you think might find this information helpful this

is Mark Schreier from century 21 American Homes and thanks for watching