To many of us, one of the measure of success is owning a house. We worked hard to fulfill that dream. We planned, we waited for that perfect time until we can finally have that dream we can call our home. When 2020 came we felt that this is the year we can have that dream home. But COVID happened. Just when we feel that the market is right to finally buy the home, this pandemic has turned everything upside down.

Admit it, the demand to buy has lessened because of the pandemic. With months of being in lockdown, we realized that with everything happening, that desire of owning a new property has gone entirely.

But we all need need some place that we wanted to  live in. And since work from home has become the norm especially for most companies, many were thinking of changing where they live. A realization come that with this kind of setup we can live anywhere. Makes you think again that this might be the right time for that dream home. Some how you realized that the place you are comfortable now no longer serve your needs. The amount of time we stayed at home because of the quarantine doesn’t look friendly at all. This quarantine reinforced us to look for a new property.

But is it the right time to buy a new property or not?

According to the third quarter 2020 report of Bangko Sentral ng Pilipinas Consumer Expectations Survey, results showed that the percentage of Filipino households, who considered Q3 2020 as a favorable time to buy a house and lot declined by around half, from 36.1 percent in Q3 2019, to 14.4 percent. Apparently, the desire for some to buy has waned because of the uncertainties brought by pandemic. But isn’t this the perfect time to buy properties? Let me tell you why.

Housing Stocks are being offered with more attractive prices.

Since the pandemic and its effect is not yet felt, property prices has not yet skyrocketed. What is offered before you felt is affordable is still affordable today and better yet, it now come with an even more attractive prices.

Condo Units and Houses being Offered with a larger Discounts

Nowadays, owners are letting go of their properties. The market is dominated by people selling their properties, to add to their income. With so many not wanting to venture in new investment, the community is left with lots of available units.

There is less competition if you buy now.

With more people compelled to held on their investment and money, the home market is yours with so many options especially if money is of no object and you have a steady income to back you up.

Availability of credit from banks and other institution

This is another compelling reason to invest. The availability of credit eases and financial institutions are less stringent with the terms they’re offering. Isn’t this a great opportunity you shouldn’t pass up? A great investor know that this seldom happen.

Everything is now virtual

If you’re afraid to go out and practicing safety by staying at home. Never fear, most in the housing industry now offers virtual tour of all the property they have fir sale. It’s more like you are being there and you have the opportunity to check all the nook and cranny of the home you’re interested in.

Use of Mortgage Calculator

Still undecided whether to buy or not despite having a steady income and still have a job that you can depend on. Why not check your capability by using this mortgage calculator

This calculator will give you an idea of the mortgage amount, the interest rates, the monthly payments and the total cost. Just imagine it in peso terms.

This ongoing quarantine and lockdown brought about by COVID-19 crisis may have blindsided us and brought to heel  so many industries,  but if you’re a smart investor who can still look for gold at the end of the rainbow. Meaning you still consider this crisis as an opportunity that shouldn’t be missed why not ready your pen and finalize that deals to finally buying your dream property.