Buying a home had always been part of my life plan, and in February, I thought I was almost home free: I'd made an offer on a condo in Philadelphia, and that offer had been accepted. All that was left was to close the deal, which I figured would be the easy part.
Then a little thing called the novel coronavirus came along and threw everything for a loop.
While it's an unusual time to purchase real estate, I ultimately decided to move forward. But it wasn't easy, and a lot of the usual steps of the home-buying process had changed. Here's how I navigated this new reality in real estate, and what I learned along the way.
When I put in my offer, everything was normal
When I first submitted my offer on Feb. 26, everything was business as usual. At that point, the coronavirus was still little more than a side note on the evening news. The thought never crossed my mind that the virus would soon have a significant impact on my transaction.
In fact, for a little while, things seemed to be going my way.
To start, after submitting two previous offers that hadn't panned out, I had finally managed to snag a unit in my dream condo building, an updated complex in Center City. Plus, of all the units I'd seen in the building—and there were many—this was the sunniest and most spacious.
In addition, the transaction was moving smoothly. I chose to waive my inspections in order to keep my offer competitive. My appraisal had also come back looking more than satisfactory. We seemed to be moving along just fine toward settlement, scheduled for the end of April.
Read full article : https://www.realtor.com/advice/buy/i-thought-id-bought-a-home-then-coronavirus-hit/
Read full article : https://www.realtor.com/advice/buy/i-thought-id-bought-a-home-then-coronavirus-hit/
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