With a global pandemic still active and many unsure about the future, the thought of buying a new home or even just moving might not make sense. There are pros and cons to having to move right now during uncertain times. It’s important to understand all viewpoints and also to consider your own specific situation before taking the plunge.
Here are 3 things to keep in mind as you prepare to make a decision on moving during COVID-19.
Understand Your Local Market
While not all areas have been affected the same by COVID-19 shut downs, in real estate it’s important to understand your current market. If home prices are trending downward and it’s an opportune time to buy, then moving might make sense, even with everything else going on. The goal is to get in on the market before competition heats up and prices soar. Talk to an experienced real estate agent for help.
There’s Still Lots to Do
Even if you’ve had to put your house buying plans on hold for now, not all is lost! You can still take this time of quarantine to get all of the paperwork and other pre-approvals done in advance. This will help make for a smoother and faster transaction in the future when the market you’re looking to buy in has options that meet your needs!
Find an Insurance Company
Homeowners insurance is a necessity in Connecticut. Coverages can protect your assets from liability and other unexpected events like fire, theft, or even damage your home and personal belongings.You want to think about who you can rely on to provide these services before actually moving to a new home.
Talk to an agent at Petruzelo Insurance today about your options!