Given concerns about the COVID-19 or Corona virus, many Oregon home buyers and home sellers are concerned about how it may affect their next real estate transaction. Related questions include “Will I be able to get a loan?” to “Are buyers still interested in buying?” and “Is the market going to improve, worsen, or stay the same?” Added concerns surround many situations formerly taken for granted, like the simple act of touring a home, where buyers and sellers now hope to avoid spreading or contracting the virus.
In this present changing situation, answers to all of these questions are not predictable with absolute certainty, but there is heartening news. Based on past virus outbreaks like SARS, viruses can experience less efficient transmission in warmer weather. This makes sense, since in Oregon, Winter frequently means maintaining closer proximity to others indoors for an extended period of time. As we approach Spring, Oregonians tend to spend more time outdoors where transmission can be reduced. We can also be thankful Corona virus didn’t first accelerate here in late Autumn or early Winter.
This is an especially good time to follow the advice of medical professionals. Maintaining good hygiene like handwashing, along with other commonsense health practices such as eating a proper diet, getting ample sleep and practicing effective stress relief are encouraged to reduce cases of COVID-19, also known as the Corona virus.
While predictions vary on the timeline, whether you’re buying or selling, it’s helpful to understand that the current situation is expected to be temporary. This means that patience is an especially valuable virtue in your quest to buy or sell an Oregon home in 2020.
Contact Certified Realty for more information on how you can successfully navigate our current real estate market. Since 1950, Certified Realty has counseled clients in all kinds of real estate markets. Certified Realty is ready to provide you with their 70 years of real estate insights to make your next transaction a successful one. Use the contact form below for a free consultation.