What are the effects of the COVID-19 outbreak on the housing market?

What are the effects of the COVID-19 outbreak on the housing market?

As different sectors of the US economy grind to a halt because of the coronavirus pandemic, what happens to the housing market? Will COVID-19 also freeze the real estate industry? Here’s what we know and what we can anticipate over the next couple of months. Mortgage rates are lower than ever Even before the pandemic started, mortgage rates have slowly been decreasing. So far, it has plummeted by...

Moving in the time of COVID-19: How the outbreak can affect your relocation

Moving homes can be stressful enough. Throw a pandemic into the mix and things might be more challenging. To help you relocate in the midst of the coronavirus pandemic, here are several things to anticipate as well as things you can do to ease the process. If you haven’t started, postponing might be a better option As you have yet to start the relocation process, it would be better to hold off for the...

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Why it’s great to invest in Malibu real estate right now

The world may be at a standstill because of the coronavirus outbreak, but Malibu real estate is still reeling in investors. If you’re one of them and looking for a property to add to your portfolio, here are a couple of reasons why Malibu luxury real estate is a great market to explore. It’s in one of the best locations in the country Only a few places in the United States can boast being situated...

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Five things to do when selling your home during the COVID-19 pandemic

During the COVID-19 pandemic, do you have to postpone your plans of selling your home? Not necessarily. There are still buyers out there looking for homes for sale in Malibu CA. And thanks to technology, they can search for properties without stepping one foot outside of their current residences. As you navigate the home selling process during the outbreak, here are five things you can do to increase...

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How to buy a house in the midst of the COVID-19 pandemic

The COVID-19 pandemic is making a massive impact not just on people’s health, but also on the way business can be conducted. Real estate is just one of the many industries affected by area-wide stay-at-home orders resulting from the outbreak. Fortunately, these restrictions don’t prevent people from taking alternative steps to keep their transactions moving forward. Here are six actions to consider...

15 Reasons Why You Should Move to Malibu, CA

Malibu has a plethora of stunning beaches that are perfect for sun worshippers and outdoor enthusiasts. In this iconic Southern California city, you will find over 27 miles of scenic coastal beauty, including ones that are lined with gorgeous waterfront homes. If you're searching for luxury homes for sale in Malibu, CA, the city has plenty to offer for buyers of all age groups and lifestyle. This...

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Closing costs for homebuyers and sellers in California

Money changes hands quite a lot toward the end of the sale of real estate. Whether you’re a buyer or a seller, you should be prepared to pay important fees to complete the transaction. Below is a summary of the various closing costs that every home buyer or seller in California must prepare for: Closing costs for buyers Mortgage application costs - These are the general charges paid to the lender...

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10 worthwhile things to do at home during the COVID-19 outbreak

The COVID-19 pandemic has disrupted the modern way of life like no other phenomenon in recent history. But it doesn’t mean we have to live with doom and gloom over our heads every day. Aside from regular activities like working from home, having video calls with colleagues and friends, and clocking in your daily exercise routines, here are 10 more enjoyable ways to while away the time you spend...

Mortgage App

The mortgage application process: From starting to closing

Planning to use a mortgage to buy your next home? These are the main stages you will encounter in the process: Pre-approval Before you begin searching for listings, apply for a mortgage pre-approval. Through this process, a lending agency reviews your personal, employment, and financial records to assess how much you are eligible to borrow. The lender will also inform you about the terms best...

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What you need to know about home appraisals

As a home buyer or seller, you’re likely to encounter a home appraisal as part of the real estate transaction. The process can be a deal maker or a deal breaker depending on the results of the appraiser. Then again, if you know what to brace for, the appraisal segment of the process can just come and go without any hitches. Here are several important things you need to know about home appraisals as...

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