{"id":2899,"date":"2020-04-01T05:00:56","date_gmt":"2020-04-01T10:00:56","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/the-1-thing-you-can-do-now-to-position-yourself-to-buy-a-home-this-year\/"},"modified":"2020-04-01T05:00:56","modified_gmt":"2020-04-01T10:00:56","slug":"the-1-thing-you-can-do-now-to-position-yourself-to-buy-a-home-this-year","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/the-1-thing-you-can-do-now-to-position-yourself-to-buy-a-home-this-year\/","title":{"rendered":"The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year"},"content":{"rendered":"

\"The<\/p>\n

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<\/a> from 2008.<\/span><\/p>\n

One thing the experts<\/a> are saying is that while we\u2019ll see a swift decline in economic activity in the second quarter, we\u2019ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:<\/em><\/p>\n

\n

\u201cHistorical 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.\u201d\u00a0 <\/em><\/p>\n<\/blockquote>\n

Given this situation, if you\u2019re thinking about buying a home this year, the best thing you can do right now<\/a> is use this time to get pre-approved<\/a> 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\u2019re ready to buy:<\/p>\n

1. Gain a Competitive Advantage<\/strong><\/h4>\n

Today\u2019s low inventory, like we\u2019ve 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\u2019re serious about buying a home, which is always a plus in your corner.<\/p>\n

2. Accelerate the Homebuying Process<\/strong><\/h4>\n

Pre-approval can also speed-up the homebuying process so you can move faster when you\u2019re 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.<\/p>\n

Bottom Line
\n<\/strong><\/h3>\n

Pre-approval is the best thing you can do right now to be in a stronger position to buy a home when you\u2019re ready. Let\u2019s connect today to get the process started.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

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. 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