Should I buy a home during the pandemic?

Is Now a Good Time to Buy a Home During the Pandemic?

If you’ve been asking yourself, “should I buy a home during the pandemic?” this video is for you. This is one of the top questions I receive from buyers that are sitting on the fence — should they buy a home during the pandemic.

Here are my key takeaways for the Virginia, DC, Maryland area:

1) Do you have stable employment and income?
2) Will you live in the area for five (5) years or more?

This video touches on changes in how we, as Realtors, conduct business as well as some of our counterparts such as appraisers and inspectors. Lastly, you will see a couple of informative charts that show the analysis and projections from years past and the future forecast.

Home Prices During Previous Recessions
Home price change during the last five recessions

All information included in this video is strictly informational and represents my opinion and should not be misconstrued as specific advice for your specific situation, especially since real estate is hyper local (certain neighborhoods do better than others, etc). This is not legal advice and the forecasts are not guaranteed.

 

 

 

 

Unemployment Recession during COVID-19, Great Depression

 

Candace Noel is an Associate Broker, Realtor with Samson Properties. Candace proudly serves the Northern Virginia area Woodbridge, Lake Ridge, Dumfries, Triangle, Lorton, Stafford, Manassas and specializes in new construction (but she can help you with traditional / preowned homes as well).

FB: www.facebook.com/cnrealtorlife
IG: www.instagram.com/cnrealtorlife

 

 

 

 

 

References/Charts: Keeping Current Matters

Music: Wings Of Norway by Scandinavianz https://soundcloud.com/scandinavianz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/wings-of-norway Music promoted by Audio Library https://youtu.be/71enqnxhJZI

Is Now a Good Time to Buy a Home During the Pandemic?
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