A financial planner has 4 pieces of advice for pandemic homebuyers - Business Insider

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'This piece of advice almost always applies, pandemic or not: Anyone considering buying a home should have a full emergency fund'

But, it's a major decision, and in a time of economic uncertainty, everything from financing to home shopping has changed. , recently bought his first home in the Los Angeles area. While he found that the process was different than he expected, he learned a few things about the process of buying a home during a pandemic firsthand.

Her are the four things things he says he'd tell any of his clients considering a home purchase right now.This piece of advice almost always applies, pandemic or not: Anyone considering buying a home should have a. But, Reyes emphasises this piece of advice with all of the economic uncertainty happening due to the pandemic.

"In an emergency fund, you should have at least three to six months' worth of your essential spending and bills," he says. If there's ever a time to have an emergency fund, it's now — and"If you're buying a house, I strongly lean towards at least six to nine months [worth of expenses], because it's a bigger commitment," he says.

 

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