COVID-19 Presents new opportunities for real estate investors.
No one is happy about the pandemic that has killed thousands and upended all of our lives. However, there are 3 good reasons why COVID-19 has created a prime buying time for real estate investors:
- Buyers and sellers are living in fear of contracting the virus
- Banks have tightened up on lending
- Some homeowners are struggling due to job loss
The COVID-19 real estate investor letters offer help to frustrated homeowners.
This set of 6 letters touches on all of the reasons why calling you is a good choice for homeowners who want or need to sell in 2020. When you click below, you’ll have the letters within minutes, so you can begin using them today.
Many potential buyers and sellers are living in fear of COVID-19.
People who would very much like to buy a home are not shopping, because they fear contracting COVID-19.
It’s true that many real estate agents are turning to virtual showings and some are selling homes sight-unseen, but not all buyers are willing to buy in that manner. They want to walk through the homes and imagine how it would feel to live there.
Thus they’ll wait until they feel more secure in viewing homes in person.
That reduces the buyer pool.
Some sellers are also fearful. The rules under which homes can be shown keep them from being present, so they have no assurance that booties, masks, and gloves were worn while their homes were being shown. They fear coming home to a house that has been contaminated.
That means reluctance, even from sellers who want to sell right now.
And then there are the banks.
Because so many out of work homeowners took advantage of forbearance, the banks’ income is down – but they still have to pay their bond holders. Now they’re fearful that even more borrows will either take forbearance or default entirely, so they’ve tightened their lending requirements.
Most banks are requiring at least a 680 credit score, and will no longer lend with 3.5% down.
That again reduces the buyer pool.
Some homeowners are struggling…
Perhaps their lender didn’t offer forbearance, or perhaps they had a few late payments that made them ineligible.
Now they’ve been out of work for 2 or 3 months and have been struggling to keep up with house payments. For many, unemployment benefits don’t come close to their normal income, even with the added $600 per week.
Those homeowners would like to hurry up and get out from under the burden before they face foreclosure.
It’s a perfect time for you to step in and offer to lift that burden, and the COVID-19 real estate investor letters will demonstrate why.
Get your set of 6 letters today for only $37.
Right now, real estate investors are in a position to help homeowners, even as you help yourselves. Get your letters today and start helping!
For more real estate investor prospecting letters, click here.
Heavy burden Image courtesy of Sira Anamwong at FreeDigitalPhotos.net
Fears sign courttesy of stuart miles @ freedigitalphotos.net