Deals coming from covid-19?

[Zac Boelkow]

I was in contract to sell my house in Feb 2020 when all the covid was just starting. The buyers agent just notified me that the buyer is backing out now because he was using his 401k money to retire with and now that he has lost 35-40% he is not comfortable moving to a new location and buying a house. Which cant say I blame him. I notified my realtor who is just helping me walk through the deal and my realtor said he lost 4 of 5 deals last week because of covid-19 issues... 

I am moving forward with snuffing my property up and getting it listed and hoping that I will be able to sell it in all of this. I can see obvious issues selling currently. I am in good position so if I need to turn this place into a rental it will be fine. Not what I prefer on this house but hey idt covid cares what I prefer currently... 

I am assuming that lots of house sales are going to be affected by covid issues and not every seller will be in a position to hold or convert into a rental. That being said how much inventory will be available and how low will real estate actually go???

[Justin Tahilramani]

Originally posted by @Chris Stroup:

Fayetteville, NC is starting to have some MLS properties drop in price. Also, many sellers are more willing to negotiate due to uncertainty. I am a Realtor and I work with investors and financing hasn't been much of an issue. I haven't had anyone back out of a deal yet. Fingers crossed.

I have had listing agents call me and try and accept low offers that they previously turned down.  

Chris - let me know if you come across any killer deals. Still buying, but im being WAY more selective.