Are you considering purchasing a home during these times of uncertainty? If you’re in the market for a new home, you should expect a different buying experience during these uncertain times. Between social distancing regulations and stay-at-home orders in place, you may even put an offer on a home before ever stepping foot on the property.
Have you been renting out your house for an extended period of time but feel it's now time to move on? It is not uncommon at all for this to happen. You started by renting out your home, but life's circumstances change. The burden of being a landlord has become too much for you to handle.
Are you thinking about moving and wondering if it is the right time to do so? Switching to a new home can be a stressful experience for everyone. It requires hours of searching for moving boxes, placing them on a truck, unloading them, and then getting rid of them.
Congratulations on the purchase of your new home! Becoming a homeowner is a tremendous accomplishment that most likely required a significant amount of time and effort on your end. So it’s understandable how easy it can be to get caught up with the excitement surrounding all of the new changes taking place in your life.
Has the time come for you to buy a home? Perhaps you are in an area where there is “low inventory” (aka not many homes for sale). Or maybe you are just starting to research and want to know what is going on in the market.
Impact of Currency Exchange Rates on Real Estate Investment
The US housing market has been doing very well in the last few years. Real estate investments coming from overseas definitely helped. In 2019, foreign buyers brought about $78 billion to the US. However, with the current economic situation in the world, the market might suffer greatly. Changes in the USD rate are one of the main reasons for that.
Condos and townhomes are often mentioned in the same conversation. This happens because they share some similarities. For example, they both have homeowners associations, common walls between units, and share common areas within their communities.