COVID-19: is it Chaos or Cash for Real Estate Investors?
The COVID-19 pandemic has afflicted everyone — homeowners, tenants and real estate investors alike. Val DiGiorgio taps into whether or not the market is currently good for buying (and selling) real estate.
The COVID-19 pandemic has set unemployment ablaze in nearly every industry. The amount of jobs lost has been unprecedented. With many families struggling to make ends meet in the pandemic panic, many people are missing rent and mortgage payments. For some, this has become an unfortunate norm, for the time being.
What does this mean for real estate investors? As it turns out, the answer is a bit more complicated than usual…
On the positive for real estate investors (and the unfortunate for many homeowners), experts expect a boost in property availability at the end of the pandemic. On the negative side, with many individuals focused on getting back on track — supply and demand may go topsy turvy quite fast. The need for home purchasers won’t quite be there.
In terms of price (and potential profit), it’s about to be a great time to purchase a home. Selling the property after the purchase, however, may be another story…
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