Stating the Facts About Real Estate

About Me

Stating the Facts About Real Estate

Buying real estate can be a really good investment. There are a few different approaches you can take. Many people choose to simply buy themselves a home and pay into the mortgage over time, building equity. You could also buy an apartment community or a couple of homes to rent out, profiting from the rent, and then profiting again when you sell the homes. Regardless of which approach you take, it is important to know the facts. This blog is a good place to find them! We state the facts on real estate, and we cover a wide range of topics for your benefit.


Latest Posts

Five Signs It’s Time to Refinance Your Loans
8 April 2024

For many people, loans are a part of life. Whether

The Role of a Selling Agent in a Successful Home Sale
25 January 2024

When it comes to selling your home, having a knowl

Maximizing Occupancy Rates: The Role of Rental Real Estate Management
14 December 2023

In the world of real estate, ensuring maximum occu

Five Steps To Take When Filing For Bankruptcy
25 October 2023

Filing for bankruptcy can be a stress-inducing and

Navigating the Commercial Real Estate Market: Challenges and Strategies for Success
23 August 2023

The commercial real estate market is a vibrant and

Shopping For A Home During A Social Distancing Order

With the COVID-19 pandemic resulting in social distancing orders in many states, this is a tough time to shop for real estate. Maybe you had just started to shop when the virus hit the United States, or perhaps you've been shopping for a while and are distressed by the fact that your plans are now on hold once again. In either case, you don't have to just sit there and do nothing. Here are some tips to help you find homes for sale and continue with your shopping process while social distancing orders are in effect.

1. Drive around and look for signs.

You can't always tell as much as you would like about a home from the ad on the internet. If the social distancing orders in your area allow for it, a better way to shop for real estate right now might be to actually get in the car and drive around looking for signs — like people used to do 20 years ago! You don't have to have contact with anyone as you don't even need to get out of the car. You can visit just the neighborhoods you want to live in, too, rather than falling in love with pictures of a home online only to then learn it's not in a location where you'd want to live.

2. Ask real estate agents to give you virtual tours.

In many states, real estate agents are not considered essential personnel, and thus, they are not showing homes at this time. However, they are likely permitted to continue with any part of their job that they can do all alone without any human interaction. That could include taking you on a video tour of homes you are interested in. They could walk through the home with a camera, and you could watch on a screen. People who buy homes out-of-state buy off of video tours quite often, so this could be a good strategy if you really need to buy before the virus crisis is over.

3. Reach out to all professionals before pursuing the purchase.

In order to close on a home, you need to have a real estate agent, a lawyer, and a bank working with you. If one of these people is not able to work due to social distancing restrictions, the sale won't go through. So before you start seriously shopping, call all three people and make sure they're working, and that they are able to work remotely. This saves you from spending a lot of time looking at homes only to have the sale fall through due to restrictions.

Social distancing orders have made shopping for a home a lot harder, but with the tips above, you can at least attempt to move forward.

To learn more about buying homes for sale during a pandemic, contact a real estate agent in your area.