Real estate was affected significantly by the COVID-19 pandemic. The demand for houses dropped, and fewer sellers were willing to risk it all for less money. Similarly, the movement restrictions and business closure made it difficult for mortgage providers to ascertain buyers’ creditworthiness. However, notwithstanding the significant decline of property demand during the spring, there was some hope over the summer as the market and the economy generally started to revert to previous trends. Haunted by the fears of the 2009 housing crisis, leading to a drastic decline in property prices, most lenders became more apprehensive. They feared that some buyers would face challenges making mortgage payments due to job losses. Because of these concerns, many are wondering what the ideal time to purchase a property is. The guide provides you with all that you need to know about timing and other relevant factors.
You've made the exciting decision to relocate and have found the ideal home. Now it's time to start making plans for your big moving day!
The home selling process is incredibly stressful. In fact, more than a third of Americans admit that selling their home drove them to tears at least once during the process.
In real estate, contingent refers to a situation where the purchase of a property is dependent on certain conditions. If these conditions are not met, the agreement can be nullified. When something is "contingent," this means that it depends or hinges upon another condition being met first before proceeding with the sale.
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