If You Are Hopeful of Getting In to the Market Read Here!

Many new things have been introduced to sure up the housing market, the banks backing the loans, and all other components involved. So, what does this mean to a Post Covid-19 buyer? Well, it certainly means, you should be staying on top of your ontime payments and avoiding new lines of credit. Much of what you should have already been doing. What this also means is you may see lenders favoring higher credits scores than not and requesting verification of employment and financial means well after the close of escrow and most certainly during the pre-approval process. 

     You may also need to be much more flexible. In markets that were already limited on inventory, the pool may have just gotten smaller. If you are working with minimal buying power, you'll need to be the most flexible and really be open to various locations, amenities, and esthetics.  Beggars really may not be able to be harsh choosers in the coming months. 

The race to beat the ever changing and raising loan interest rates you'll want to remain calm, remind yourself that buying real estate is an investment, your first home doesn't have to be your forever home, and might I add, you’re able to buy more once you get a handle on things. This uncertain market too shall pass.