You might have heard from a local Realtor, “Closing and listings are still happening, real estate hasn’t slowed down for me at all,” and it made you wonder, should you still list your house for sale? Is now a good time to buy? Here’s the real truth: Buyers and sellers are nervous. Banks and mortgage lenders are nervous, too, and being more strict on their lending practices. When the real estate market gets nervous, everything slows down, a lot.
It’s extremely unfortunate, the impact that COVID-19 is having on our economy, businesses, lives, and families. To help, we have gathered information from bankers, lenders, and investors to provide you with real estate tips to weather impacts from COVID-19.