Yes!

It is possible to buy a home right now and you need to talk to your agent because they will know local market conditions the best and advise you how to proceed. Some states have restrictions in place that might inhibit the buyer or seller’s ability to close. Because of the country wide social distancing recommendation, you might not be able to perform a tour of the home with your agent. In some states, your agent might not even be allowed to enter the property even without the buyer.

Because of these restrictions, video tours and pictures have become the dominant way to look at property. A video walk through is where an agent walks through a home with a camera allowing you to get a feel for the layout of the home.

Build plans might be online for you to view if you are interested in new construction. If the home is still under construction, you should still have the same amount of customization as before. Many builder’s websites have more information as well as a sales representative that can help.

Many businesses have been affected and these include businesses like appraisals, inspections, and title services. Please contact your local agent or specific businesses to see if they can help with your real estate transaction. Mortgage services are considered an essential service so you can still apply for and secure a loan.

On the Bright Side

Mortgage rates are at historic lows and this gives buyers more buying power. Mortgage rates are very volatile, so you need to find a great mortgage broker who acts in your best interest. People are staying home so competition for houses should decrease. Also, sellers might also be more flexible with pricing and other sale contingencies.

Contact me with any questions about the Fort Collins real estate market and please stay healthy!