The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year

Talk to a Real Estate Expert today.

Daniel Villacis - Broker

Modern Day Real Estate
Office: (203) 408-3001
Cell: (203) 667-4475

Contact Daniel
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Gabriela Villacis

Modern Day Real Estate
Office: (203) 964-3000
Cell: (203) 962-4006

Contact Gabriela
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Edison Andrade - Real Estate Agent

Modern Day Real Estate
Cell: (203) 609-1229

Contact Edison
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Irvin Andrade - Buyers Consultant

Modern Day Real Estate
Cell:(203) 428-1911

Contact Irving
Irving Andrade
Dimitrios Dimitroglou

Modern Day Real Estate
Cell: (203) 856-1834

Contact Dimitrios
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Edward Vilorio

Modern Day Real Estate
Cell: (203) 243-0735

Contact Edward
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Modern Day Real Estate

482 Summer Street, Suite #5
Stamford, CT 06901
Call Us at (203) 408-3001

The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.

One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.” 

Given this situation, if you’re thinking about buying a home this year, the best thing you can do right now is use this time to get pre-approved for a mortgage, which you can do from the comfort of your home. Pre-approval will help you better understand how much you can afford so that you can confidently do the following two things when you’re ready to buy:

1. Gain a Competitive Advantage

Today’s low inventory, like we’ve seen recently and will continue to see, means homebuyers need every advantage they can get to make a strong offer and close the deal. Being pre-approved shows the sellers you’re serious about buying a home, which is always a plus in your corner.

2. Accelerate the Homebuying Process

Pre-approval can also speed-up the homebuying process so you can move faster when you’re ready to make an offer. Being ready to put your best foot forward when the time comes may be the leg-up you need to cross the finish line first and land the home of your dreams.

Bottom Line

Pre-approval is the best thing you can do right now to be in a stronger position to buy a home when you’re ready. Connect with a local real estate professional today to get the process started.

Talk to a Real Estate Expert today.

Daniel Villacis - Broker

Modern Day Real Estate
Office: (203) 408-3001
Cell: (203) 667-4475

Contact Daniel
daniel-villacis-update
Gabriela Villacis

Modern Day Real Estate
Office: (203) 964-3000
Cell: (203) 962-4006

Contact Gabriela
Gabriela-Villacis
Edison Andrade - Real Estate Agent

Modern Day Real Estate
Cell: (203) 609-1229

Contact Edison
Edison-Andrade-Update
Irvin Andrade - Buyers Consultant

Modern Day Real Estate
Cell:(203) 428-1911

Contact Irving
Irving Andrade
Dimitrios Dimitroglou

Modern Day Real Estate
Cell: (203) 856-1834

Contact Dimitrios
mre-photo
Edward Vilorio

Modern Day Real Estate
Cell: (203) 243-0735

Contact Edward
mre-photo

Modern Day Real Estate

482 Summer Street, Suite #5
Stamford, CT 06901
Call Us at (203) 408-3001

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At Modern Day Real Estate we help broker the purchase and sale of real estate Are you looking to buy or sell a home? Work with the top real estate agents in Fairfield County today.