If you need assistance, please call 470-990-4414

Buying a Home Right Now: Easy? No. Smart? Yes.

Wednesday, April 29, 2020   /   by Kat Reed

Buying a Home Right Now: Easy? No. Smart? Yes.


Buying a Home Right Now: Easy? No. Smart? Yes. | MyKCM



Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry's leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed:



“The March ShowingTime Showing Index® recorded the first nationwide drop in showing traffic in eight months as communities responded to COVID-19. Early April data show signs of an upswing, however.”


Why would people be setting appointments to look at prospective homes when the process of purchasing a home has become more difficult with shelter-in-place orders throughout the country?


Here are three reasons for this uptick in activity:


1. Some people need to move. Whether because of a death in the family, a new birth, divorce, financial hardship, or a job transfer, some families need to make a move as quickly as possible.


2. Real estate agents across the country have become very innovative, utilizing technology that allows purchasers to virtually:



    • View homes

    • Meet with mortgage professionals

    • Consult with their agent throughout the process


All of this can happen within the required safety protocols, so real estate professionals are continuing to help families make important moves.


3. Buyers understand that mortgage rates are a key component when determining their monthly mortgage payments. Mortgage interest rates are very close to all-time lows and afford today’s purchaser the opportunity to save tens of thousands of dollars over the lifetime of the loan.


Looking closely at the third reason, we can see that there’s a big difference between purchasing a house last December and purchasing one now (see chart below):Buying a Home Right Now: Easy? No. Smart? Yes. | MyKCM


Bottom Line


Many families have decided not to postpone their plans to purchase a home, even in these difficult times. If you need to make a move, let’s connect today so you have a trusted advisor to safely and professionally guide you through the process.

*The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Compass - Clareo Group
Deborah Morton
4350 Southside Dr
Acworth, GA 30101
470-990-4414

FMLS logoListings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

DMCA Notice

Site provided by CINC

© 2020 First Multiple Listing Service, Inc. Last updated September 21, 2020. This site powered by CINC: www.cincpro.com
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers. September 21, 2020
This site powered by CINC: www.cincpro.com