First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19?

First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19?

First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19? – If you are a first-time homebuyer and were in the market to buy a home in Oakland County prior to the COVID-19 crisis, the situation has more than likely affected your original gameplan.

It’s one thing to have never bought a house before and be in unfamiliar territory. Throw in a pandemic and the situation is now moved into deeper uncharted waters, even for the most seasoned buyer.

The COVID-19 situation has derailed millions of folk’s financial plans including buying property. But it doesn’t have to be that way. 

If you were still hoping to purchase a home soon, you probably have a lot of questions like whether it’s even possible to buy a home now or tour a house, or how the pandemic has impacted home prices, and more.

The good news is that many people are still buying houses during this unprecedented time, even though things are a bit different than they were before the coronavirus changed the home buying/selling landscape.

As a first-time homebuyer during the coronavirus, here are a few things to know:  

Can You Still Buy a House Now? 

The answer is yes. Although buying a house today may be more challenging due to health and economic concerns, it is definitely possible. The U.S. Department of Homeland Security has declared that residential and commercial real estate services are an essential service.

Search the MLS for Oakland County MI Homes for Sale

If you find a home that seems right for you, have job stability and can get financing at historically low rates, buying property might be a wise choice and the right thing to do – even now.   

You Can Still Shop for a House

You can still shop for a house, but the rules for viewing a property are going to different than before COVID-19. Buyers, sellers, REALTORS, and brokers are coming up with different ways to see and show homes.

Some areas, however, have put a pause order on in-person showings all together. There are also some sellers that might be fine with you touring their house, while others might not be comfortable letting strangers in their home, even if property tours are allowed in your area.

Aside from federal and local restrictions, a lot will depend on the home sellers’ comfort levels. You can also work with an agent and have a virtual showing, where the agent walks through the property with you on Zoom, FaceTime, or some other video conferencing format.

A local real estate agent will know what buyers can and can’t do in your area, so its best to consult an agent for the most accurate, up-to-date information.  

You May Need To Get Your Pre-approval Updated

While the process of getting preapproved for a loan hasn’t changed, as most buyers today do an online preapproval application, the preapproval itself has changed post-coronavirus.

Mortgage lenders are battling economic uncertainty by raising minimum credit scores, requiring higher down payments, triple-checking employment status, and even eliminating certain loan types altogether. 

As some lenders increase their standards (overlays), your price range might change because your approved loan amount is lower, or you may no longer qualify for a loan at all.   

You May or May Not be able to Get an Inspection

Once the house goes under contract, closing is different in today’s world. You’ll still be able to get an appraisal under current regulations, but depending on whether real estate is considered essential in your area, you may not be able to get an inspection.  

If you are able to get an inspection, most likely you and your agent will not be able to attend.  A number of home inspectors are now using live video chatting apps like FaceTime or Zoom to let home buyers tag along remotely. This keeps buyers at a safe distance for home inspections. 

More Buyers Are Doing eClosings

Digital real estate closings or eClosings, give buyers and sellers the ability to sign settlement documents electronically—meaning parties don’t have to meet in a room to close the deal.

Most eClosings are orchestrated by title agents, who often lead individuals through the required paperwork by video conferencing. Most states are now offering electronic notarizations. This map from settlement software company PropLogix shows what states allow digital closings. 

Partner with Top-rated Oakland County MI REALTOR® – Tom Gilliam

 2020 Best of Farmington Hills REALTOR - Tom GilliamWhether you are looking for homes for sale in Oakland County MI or you are ready to list your current property, experience matters most in a changing market.

With over 25 years of local experience, Tom provides the kind of knowledge, skills, dedication, and personalized service you need and deserve.

As your personal agent, Tom will protect your interests, advocate for you, and go above and beyond to ensure a smooth and successful transaction.

If you or someone you know is interested in buying or selling Oakland County MI real estate, please give Tom a call today at 248-790-5594 or you can get in touch here.

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Call: 248-790-5594
Office: 248-737-6800
Email: Tom @
License #301741

First Time Home Buyers in Oakland County Michigan


For a first time home buyers in Oakland County Michigan, like you, there are probably a number of things running through your mind at the moment. Would this be the best investment for me?

The great news is that Oakland county has so much to offer for a first time home owner, and the real estate market is just as thriving. this means great opportunities for you and your family, and even better value for the home that will soon be yours.

Exploring oakland county Michigan

Oakland County is home to 65 miles of park trails and 13 county parks. The entire park system also includes three dog parks, five golf courses, two water parks, a BMX track, a nature center, and the county market. All these make first time home buyers in Oakland County, Michigan truly overwhelmed as they imagine their entire future spread out within this beautiful piece of land that one may see as almost perfect.

Yes, the quality of life in Oakland County will definitely make any resident proud, and any visitor wanting to stay. It is a place where dream homes are built, the kind of community where investing in real estate for your family is the best idea.

The best place for a first time home buyers is oakland county MI

If you need help in purchasing your very first home, then you have come to the right place. Knowing that your perfect home lies right here within Oakland County, you can choose from a wide range of properties that would fit right into your budget.

As a first time buyer, you probably have very specific needs. These needs will be our main basis as we make our initial checklist that we would use to come up with the best options fit for you. As far as the community is concerned, you can find no better place than Oakland County.

Which property would give me the best value for your money? How much should I really shell out for my first real estate investment? Which neighborhood would give me the best range of opportunities? Would I be in close proximity to the things that my family needs?

All these questions can be easily answered right here. Remember that everybody has the perfect home within any of the different neighborhoods in Oakland County, and it’s our job to lead you to the right place. Once everything is done, you’ll find yourself holding the keys to the home that would make you feel like it was made just for you. If you are a first time home buyer in Oakland County MI

Opportunities like these are not the kind of things that you would miss out on. Take your own piece of heaven and consult with the most trusted local real estate agent who will be more than happy to show you what your options are. Remember that with each option presented, a new door opens up for a truly thriving future for your family as new residents of this beautiful place in Michigan called Oakland County.

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