According to a 2018 Millennial Homeownership Report from the Urban Institute, only 32% of millennials …
COVID-19 has shutdown almost every industry. Unless deemed essential, many people are stuck working from home, or worse – without a job. And while this standstill has many going stir crazy, there are steps you can take to make sure you stay on track with plans made pre-pandemic – including buying a home. Dr. Randy Bell of Dallas Realty Resources explains how you can stay the course with your home-buying goals, from the comfort of your couch.
Read, Read, Read
Because everyone is quarantined, take this time to binge read as many real estate articles as possible. Check out keywords such as mortgage, pre-approval, down payment, cash to close, interest rates, credit score, etc. A strong knowledge base on these topics will have you more than prepared to embark upon the journey towards homeownership.
Think and Envision
With restrictions in place, driving around aimlessly is out of the question. Now is the time to compare and contrast the cities in which you as the consumer are thinking about living. Check proximity to grocery stores, restaurants, and other recreational activities that will be up and running once the pandemic subsides.
Now is the time to have a real look at your current financial situation and figure out what you want to do with it. Budgeting, planning, making lifestyle changes and sacrifices will be very beneficial during this crucial time.
Speak with a Realtor
This is the opportune time to speak with a licensed realtor and ask those in depth questions you normally wouldn’t ask. While there are less people out looking for homes, realtors are still working daily. They have more than enough time to help you (the potential buyer or seller) fill in any blanks about the homebuying process.
If you’d like to connect with Dr. Bell about purchasing a home visit RandyBellRealtor.com.