Is it a Good Idea to Buy a Home in 2020?

With everything that could possibly go wrong, going wrong in 2020, should real estate investments or buying a home should even cross your mind?

The multiple challenges that the Covid 19 pandemic has thrown across the business sectors including real estate have also created a number of opportunities for many.

Home buyers and property investors are getting deals that were almost impossible to even think of in the first quarter of 2020. Real estate developers have reduced prices, created flexible payment plans, many State governments have reduced stamp duty payable on property purchases and so on. It seems that the buyer is truly the king today with real estate pricing cuts and other facilities for buying properties available.

However the insecurity in terms of property developers not delivering on time and construction delays creating havoc have also increased due to the severe liquidity crunch as well as the innumerable delays due to Covid 19 induced restrictions.

Every real estate buyer and home investor has to think deeply and invest wisely. The safety of a ready home with OC versus the huge price benefits of an under construction property  with all the risks attached is definitely a brain teaser. One should avail the best property advice from real estate professionals in and around the specific micro markets that one wishes to buy.