Government Shut Down: Is It Impacting Your Home Value?
We all sympathize for the thousands of folks who've been furloughed due to the government shut down but could it also be impacting your own home value?
We've heard about government agencies cutting back "non essential" staff. Is that what's affecting home sales?
Result is buyers and sellers who don't HAVE to buy or sell now have stopped trying. The longer the shut down the more risk your home value will be affected.
What should home buyers and sellers be doing to protect themselves?
When loan approval is delayed or loan is approved and then doesn't fund-buyer can lose deposit, wind up with no place to live oftentimes after having already given notice to landlord etc. Seller can wind up with cancelled deal after having packed, perhaps moved, oftentimes having signed contract on a new home as buyer and deposit, etc becomes at risk.