I’m hoping you’re all safe and staying at home these days. We have more time on our hands than ever before. This is a great time for creating a plan for your homeownership goals. Right now most of the Buyers and Sellers in the real estate market are those who have to move. But if you’re in the boat where you want to move or have different home goals than where you’re living right now, here’s your guide for helpful activities you can accomplish during the stay at home order.
I think we’re all feeling more financial strain than we were before. But staying at home is a great savings plan! Usually down payment plans mention reducing simple everyday activities like making your own coffee instead of the weekly $5 coffee at Starbucks. But, staying at home is the best savings plan and should help in cutting a lot of entertainment and extra costs. Also, if you have a skill that’s helpful like if you’re sewing and selling masks consider saving that for your down payment. Manage your savings the best you can and if you want to have an in depth conversation with a lender about how inconsistencies in income or savings during the Coronavirus period will impact or not impact your ability to pre qualify I am happy to get you on the phone with a lender I trust.
Virtually Connect with A Realtor
If you’ve worked with me before you know I love technology. And if you haven’t well I’m telling you I loooove technology. Not in like an I want to automate everything way but in a way that I want to make things as easy and convenient as possible for my clients. I especially enjoy how it allows us to connect, virtually meet, and stay safe and healthy at this time. Whether we chat by phone or video I’ll help you understand the dynamics of the Denver market as well as go through the overall home buying process. In fact to get you started, I have this great online Home Buying and Selling Guide for your review. After speaking with me, the next step is to talk to a lender. I have a list of lenders my clients rave about so let me know if you’d like an introduction!
Pre-Approval for a mortgage will give you a better idea of what price home you can afford. Gathering the necessary documents like income verification, credit history, and asset documentation is never fun but it’s a necessary part of the process. So, while you have time this is an important thing to do. Then, as you get closer to submitting an offer you might need to refresh your information with a new paystub or something else but you’ll be most of the way there already. My recommended lenders all meet with clients virtually, have their online presentation ready to go, and can give you nearly the same experience as if you were in their office with them. Even if you’re not ready to move forward at this time I’d recommending starting the pre-approval process.
Get Familiar With the Neighborhoods
As your Realtor I can use your pre-approval as a starting block to help you see how much home you can afford in different neighborhoods. I’ll set you up on a couple internet searches in various areas that appeal to your needs, lifestyle, commute preferences, school preferences, whatever is driving your move and we’ll use that as market education for now to start narrowing in on the areas you love the most!
View Listings Online
While exploring your market education view listings online, make a list of must haves and nice to haves in a potential home. Then if you move from the “it would be nice to move” to “I have to move” category (ie your lease ends or a baby is on the way) then we’ll have this list to go from. I am willing to show homes now but only after you have thoroughly reviewed the photos, virtual tour, and all information online and you are thinking this home might be The One! In order to respect social distancing I am also happy to take you on a FaceTime tour of the home where you can ask me to go back and revisit areas or ask specific questions. Believe it or not FaceTime tours are nothing new to me, in fact I’ve been taking clients on them for years. They just have more relevance in respecting social distancing right now.
Going Under Contract In This Market
If this is your first time buying or selling you might not know the difference. But if it’s not, you’ll notice that the industry is doing an incredible job social distancing. So, this means one showing at a time, virtual home tours, I’m doing virtual open houses, earnest money rules to limit contact, inspections typically with only the inspector in the home, driveby or FaceTime closings to allow closings to occur with limited contact, and lysol lots of lysol and facemasks for any necessary in person interactions. So, we’re ebbing and flowing to keep everyone safe but Buying or Selling is still an option if you’re in the part of the population that has to move. Then, you’ll have plenty of time to nest, decorate, garden, and eventually your friends will be able to join in for a housewarming party.
Hopefully this guide will help you make good use of your time and as always I’m here to answer any questions you might have! Please message me with any questions.