Selling or Buying a home during the pandemic

Nerdwallet article says yes you can buy and sell a home with the following helpful tips



Tips for buying or selling a home now:

· Carefully consider whether you're financially and emotionally ready to buy a home and whether you need to move right now. It may be better to postpone if you're just toying with the idea or worried about losing your job. "It's a needs-based thought process," Jeanne Radsick President California Association of Realtor says.

· Shop at least three lenders to find the best rates and get pre-approved for a mortgage before you start looking for homes. Know that lenders are also grappling with the effects of COVID-19, and the process may move slower than normal.

· Don't be surprised by a competitive market. There may be fewer buyers out there, but there are also fewer sellers.

· Stay updated on state and local regulations and be prepared for a process that looks different from business-as-usual.

Some of the differences

· Some lenders have set stricter credit requirements for mortgages

· Virtual and video only tours of homes

· Limits on number of people allowed in the home at one time.

· Drive by appraisals for value

· Buyers not accompanying the inspector during the home inspection.

· Coronavirus clauses, face masks, booties and gloves when entering a sellers home to protect all parties

· Virtual closings and speaking to your closing representative by web meeting and by phone

· Essential party at closing may be the notary

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