5 Tips for Buying a California House With COVID-19

We live in a difficult time, COVID-19 has become a global pandemic that has affected many sectors. Many home buying and selling processes were paused when they declared the state of alarm, but now, returning to this new normal and with the end of the de-escalation, we can rethink those steps. In today’s blog we will give you some tips to buy a house in these times.

For many people their plans to move were on stand-by, but for many others, it was during the quarantine that they realized they want to move. After spending so many weeks and months confined to our homes, many people have realized that their apartment has become too small, that a balcony or terrace would have been key, that they need more rooms to work more comfortably… And the list can be a lot Longer, what is evident, is that in many American households the needs they had regarding their home have changed. Here are our 5 tips for buying a home!

5 key tips for buying a California house with COVID-19

1. Break the piggy bank

It is time to break that piggy bank and see how much you have saved, buying a home is one of the most important steps you will take throughout your life, it is an investment and you have to think about it well and prepare well for everything that involves economic and mental level.

You should bear in mind that to buy an apartment or a house, you should have saved approximately 20% of the value of the house for the entrance of the apartment and also, between 10 and 13% for the expenses and transactions of the sale such as the property registration, home insurance, and mortgage. Keep in mind that these expenses and procedures may vary depending on the autonomous community in which you are.

It is very important that you analyze what your current economic situation is and how it is expected in the future in the event of a possible regrowth, in addition to having an important savings cushion to be able to face the purchase. If the answer is yes, congratulations, you are going to become the owner of a fantastic property. If the answer is no, do not hurry, it may not be the time yet, but you can always look for a better option where to live by renting a home , without the financial commitment that a mortgage represents.

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2. Tips for buying a home: have experts

Both for the procedures and to find a good mortgage, our recommendation is that you have experts in the field. Leave the future mortgage of your house in the hands of our financial experts, less headaches and the guarantee that they will get you the best conditions.

3. The search for a new home

Looking for a new home can be exhausting, endless visits, and great frustration. Therefore, one of our key tips is to make a list of what you want, this will allow you to filter your search and not waste time visiting houses that you know you will not like. These are some of the points that you should keep in mind:

The area. where do you wanna live? With the current situation, there has been a change, now people prefer to live in the periphery, especially with the greater normalization of telework: a calmer life and with more quality. Before, the problem with these areas was communication and distance from work, but being able to work from home, people began to leave the cities.
Second-hand housing or new construction.
Type of home: penthouses, ground floors, houses, flats, chalets … Think of the one that best suits your needs.
Space. How many square meters? Duplex or a plant? how many rooms? Another point that has become a basic during confinement, mini-flats are no longer a good option, now we are looking for larger homes with more rooms.
Balcony, terrace or garden. In addition to the people with dogs, the other privileged ones during this confinement were those who had an outdoor space without leaving the house, without a doubt it becomes much more enjoyable when you can sunbathe without breaching the state of alarm.
Budget. Do not make the mistake of seeing houses that go beyond what you are willing to spend or what you can afford. First, get in touch with experts who will analyze your profile and can advise you on how much you could spend and what mortgage loan they would grant you. In this way, situations are avoided in which you find the house of your dreams, but the bank does not grant it.

4. Visits

During the visits, look at key elements such as the orientation, the distribution, the neighborhood, the area, the lighting, if you need any reform, etc. You don’t want surprises, so you can visit the apartment a few times to make sure it will become your new home.

In addition, to avoid wasting time, you can ask in advance for the property’s simple note, the energy certificate and the identity card to have all the technical information of the apartment, you may not be interested after seeing that it has an energy efficiency G, so better be practical. Especially at these times it is important that the essential visits are made, you have to be cautious and take all possible precautions.

5. Buying a home and COVID-19

Try to notify the real estate agencies with room for visits, this way they will have time to do all the disinfection tasks before the visit. Here are some tips and information:

  • Keep a safe distance at all times while you are making the visit.
  • Do not maintain physical contact.
  • Don’t touch the furniture.
  • In no case do you take off your mask during the visit and wear it in the correct way (covering your mouth and nose).
  • Avoid touching your face.
  • Disinfect your hands before, after and even during the visit.
  • Finally, keep in mind that due to the situation, the buying process may take longer than usual and the real estate market will change. So be patient and when you get it, enjoy your new home!

If you need financial advice and find a home, do not hesitate to contact our team of real estate professionals to find the home of your dreams with the best conditions for your mortgage.

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