These are uncertain and weird times due to Covid-19, and I am certainly not in the aggressive sales mode. I have home buying clients who feel more comfortable holding off on their purchase plans for a while. I certainly understand their concerns. For those who wish to wait a while, but want to do what they can while they wait, I recommend:
- Keep up with what’s going on in the market you are interested in. I update my clients automatically on new and sold listings so they can evaluate what’s happening. I also provide more in-depth property and sales analysis by request, as well as being available to answer any real estate questions. The tools I have at my disposal represent real sales as opposed to algorithms used by companies like Zillow. Consider me your resource.
- Finances – I generally don’t like to get involved in my customers’ finances. If you are paying cash, that’s perfect – just make sure funds are available in time for closing (usually 30 days from contract signing or sooner), If you are financing, establish a relationship with a LOCAL loan officer who can help you repair any credit issues or other issues that might hinder smooth approval of a loan (1099 employees, self- employed, etc.). It’s best to get pre-approved in advance and update with your loan officer periodically until you buy even if your purchase may be 6 months or a year out..
- Become an expert on the neighborhoods you like and the types of homes you might be living in. I post daily on my Facebook page, but there is plenty of information out there. I have been dealing with Midtown and older homes for over 24 years, so hopefully you will consider me a resource.
I am around if you have questions or your plans change. I look forward to working with you.
Let’s connect:
Real Estate Broker / Consultant at InCity Realty
Joe Spake is a Real Estate Broker and Consultant, specializing in Midtown, Downtown, and East Memphis residential properties. His interests include architecture, community activism, music, photography and cooking. Get more great real estate information on Joe's Facebook Page. Call 901-870-3440 or Email Joe@spake.com
Latest posts by Joe Spake (see all)
- Historic Midtown Home for Sale - April 21, 2024
- FOR SALE – 5555 Quince Rd, Memphis, TN - April 18, 2024
- Memphis Real Estate– 2022 and Predictions for 2023 - January 7, 2023
What do you think? Leave your comments.