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5 Questions Buyers Have During the Coronavirus Outbreak Answered

 

Everyone is being affected in some manner by the outbreak of Covid-19 coronavirus. During this time, buyers will have more questions than normal about the home buying process and their ability to buy a new home. While we can’t predict what the next few weeks and months will bring, the more we can educate ourselves, the better we can help buyers navigate the buying process smoothly during the pandemic. Here are a few common buyer questions as they related to the Coronavirus outbreak and real estate answered.

1. Can we still go see home listings in person? 

This is the hardest question to answer and it will depend on the home, the seller, the agent and any fast-changing governmental policies put in place. Agents should be able to offer a Skype or Face Time home tour virtually. Talk to your agent to find out what they have available for the buyers to prescreen the home virtually before setting up the visit; they might have virtual tours already available which can help rule out those that don’t suit their needs.

2. How can I stay safe while visiting homes?

Everyone’s health has to be the priority; this includes the buyers, sellers, and agents. If you are going to see a home in person during this time, carry hand sanitizer and wipes to use before, during and after the tour. Drive separately from your agent meet at the homes. During the tour, designate one
person to open doors, drawers, and closets and use disposable gloves during the showing.

3. What happens if I lose my job during the escrow period?

Most real estate contracts include a contingency that protects the buyer in the event they can’t get final loan approval and close the loan. Typically during the process, this contingency is removed after a set time frame, or after receiving the loan approval. Since every aspect of real estate is negotiable, consider asking for the contingency deadline to be extended and in place until the close; talk through this aspect with the seller and their agent in advance to set the right expectation.

4. Will I still have access to the home during the escrow period? 

It’s very common for the buyer to have easy access to the home during the escrow period; home inspections, appraisals and just measuring are all common reasons to visit the home during escrow. Consider grouping these activities whenever possible.

5. Will I get a better deal if I wait to buy a new home? 

We all know there’s no crystal ball, but with everything that’s going on, sellers on the market should be very motivated
to sell. There are also historically low-interest rates on home loans. There is no way to predict the future, so if the right home comes along, it makes sense to consider it.

The Covid-19 outbreak is causing some uncertainty among home buyers, sellers, and even agents. However, with the use of technology and following best practices, you can still find the home you’ve been waiting for during this time.

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North Myrtle Beach Real Estate

North Myrtle Beach Neighborhoods Beachside

North Myrtle Beach Real Estate

North Myrtle Beach Neighborhoods Beachside | Made up of four individual communities

Ocean Drive, Cherry Grove, Windy Hill and Crescent Beach – the city of North Myrtle Beach (pop. 10,974) occupies a 9.3-square-mile land area with nine miles of beautiful beaches.

North Myrtle Beach is a relaxed, peaceful, family-oriented community, with a lot of vacation property owners as well. More than half the population of North Myrtle Beach is 45 or older.

Median family income is $46,052. See North Myrtle Beach Neighborhood Listings here.

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Cherry Grove North Myrtle Beach Homes for Sale

DSC_0968Cherry Grove North Myrtle Beach Homes for Sale –

Cherry Grove located in North Myrtle Beach SC features channel homes, Oceanfront Vacation Condos, and Beach Houses for vacation rental or investment real estate sales.

Cherry Grove is located at the most northern tip of North Myrtle Beach. Cherry Grove offers homes on the ocean, on the waterway, on the channel and within walking distance to the beach.Cherry Grove features a public boat ramp, a fishing pier at the end of 53rd Ave. North.

The Cherry Grove pier at 20th Ave. North draws fishermen from all over. This pier reaches 985 feet out into the ocean and offers great panoramic views of the Atlantic. This area is a mixture of the young and the old raised beach homes. From the cozy beach cotteges of yester-year to the modern lavish three story homes, Cherry Grove has the old time feeling of vacations gone by as well as the excitement of new.