Thanks to this pandemic and social distancing, the property market has stalled. We don’t know when open houses and auctions will be happening, people are unsure of the future and their job security and everyone seems to be taking a wait and see approach.
But if you want to buy a home, there are some things you should be doing right now.
You should be making sure you’re Home Ready!
Being “Home Ready” means a few things:
- You look good to the lenders – you have a spending plan that’s working, your debt is manageable, your credit history is good and you’ve got a good deposit.
- You understand the responsibility of having a home loan – you know that you’re going to be paying it off for the next 20-30 years and you’re fine with that.
- You know the process of buying, offering, bidding, negotiating and walking away when the price gets too high.
If there’s anything I can help you with, please be sure to reach out!