The Pandemic Buyer vs Today's Buyer
In this video, we discuss the distinctions between the epidemic home buyer and the present-day home buyer. Hey, we're the Hernandez Real Estate Team. Today, we're going to talk about the differences between the pandemic home buyer of 2020 and the home buyer of today, as well as how the difference in monthly payments between the two can be as little as $390. We believe it's crucial to comprehend what's happening because so much has changed in such a short period of time. Today's home buyers are uncertain of whether it's a smart time to enter the real estate market after hearing on the news that interest rates are increasing. We say with certainty it's a yes.
How the Pandemic Has Changed Home Buying
The COVID-19 pandemic has changed a lot of things about the way we live and work. One of the most significant changes has been the way we buy and sell homes. Whereas before the pandemic, most home buyers were looking for their dream home, today's home buyers are more focused on finding a home that meets their needs in terms of health and safety.
The Health and Safety Factor
One of the biggest concerns for today's home buyer is finding a home that is safe and healthy. With COVID-19 still raging across the country, many people are hesitant to buy a home that has been occupied by someone else. As a result, many sellers are offering virtual tours of their homes so that buyers can get a feel for the property without having to physically visit it.
Another concern for today's home buyer is finding a property that is located in a safe neighborhood. With crime rates rising in many cities across the country, buyers are looking for homes that are located in gated communities or neighborhoods with low crime rates.
The Financial Factor
Another factor that has changed the way people buy homes is finances. The pandemic has caused many people to lose their jobs or have their hours reduced, which has made it difficult for them to qualify for a mortgage. As a result, many buyers are looking for homes that they can afford now and potentially upgrade later when their financial situation improves.
The pandemic has changed the way we buy and sell homes in a number of ways. Most notably, buyers are now more concerned with finding a home that is safe and healthy rather than one that simply meets their aesthetic preferences. Additionally, financial concerns have caused many people to rethink their plans to buy a home, opting instead to wait until they are in a better position to do so.
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