For us, this could mean that we get the MOST for our money since so many people are still afraid to live in crowded areas, like cities, during the pandemic. Others are also afraid to live in apartments and condominiums because they are forced to share common areas with strangers (been there, done that…we understand COMPLETELY). Plus the proximity with others in the building can increase your likelihood of contracting COVID, which has many people frightened.
While moving is always a stressful situation, we are truly considering it. Our area is booming and houses are being snatched up within 24-48 hours of being on the MLS (some are going even BEFORE listing). We bought the house 3 years ago and it’s now worth at least one half more than we paid for it. For buyers looking for a single-family home, where they can have more privacy and more open space, our home would be perfect and honestly, we’re looking for something much larger than we have now since we both find ourselves working from home and would LOVE an extra-large office to share.
We found a great site that offers several different home mortgage calculators. These calculators allow you to calculate exactly how much you will pay each month for a new home based on several different factors. You can edit and alter any information, including down payment, home price, taxes, fees, interest rates, and more. All of these factors will significantly affect your monthly payment. As we search the listings and prices, we keep going back to check how much we’ll pay. LOVE IT!
Even better, using a home mortgage calculator is a great place to start if you are looking to purchase a new home soon, to figure out just how much house you can afford. You can use these free tools to help you determine whether or not moving would be beneficial for you or not. Start looking at the housing market in your area, schedule an appointment with a loan officer and make a few calls to local real estate agents. These things can help you get a jump start on the competition and can help you find the home of your dreams. Moving during the pandemic, while interest rates are low, may end up being one of the best decisions that you have ever made. At least WE hope so!