BUY NOW or WAIT? COVID-19

[Juan Avalos]

What's going on Bigger pocketeers! So let's be real! with all this chaos we all want to know! should we buy NOW or hold off a month or so when the market will really crumble!.. will it crumble? .. will a home with a sale price in Jan 2020 of $100k be available for $20k ? us small beginners wanna know! 

[Abel Curiel]

Originally posted by @Juan Avalos:

What's going on Bigger pocketeers! So let's be real! with all this chaos we all want to know! should we buy NOW or hold off a month or so when the market will really crumble!.. will it crumble? .. will a home with a sale price in Jan 2020 of $100k be available for $20k ? us small beginners wanna know! 

Hey Juan,

Man... I wish I had the crystal ball in front of me to answer this one! haha

I'll tell you what I'm telling my prospective clients and past clients... If you're NOT in a rush and don't NEED to buy/sell, just wait.

A month or 2 from now could give us some clarity on where things are in the market but who knows??

That being said, if you ARE in a rush - expiring lease, moving/relocating because of a job, horrible current living situation, etc. now can be a great time to find a deal due to low rates, properties sitting on the market, increased motivation from sellers...

It comes down to your end goals and current situation.

Best of luck to you moving forward!

Abel