Anyone closed on a property in the last 1-2 weeks?

[Grace A.]

I'm making offers on SFR mostly in Fulton County and curious to see if everyone has been able to arrange inspections, appraisals etc easily amidst covid-19 shutdowns?

[Thomas M.]

I am closing in 3 weeks on a $2M property, SFR in an "old money" area. I was thinking about backing out, but I've been watching this play out and houses are still selling in this area, and all over SoCal. A few have fallen out of escrow, but lots are selling at full price....high prices. At first I thought it was buyers who were locked in and had no way of getting out of the deal, but now that this has been going on for over 2 weeks I can see that this can't be the case, it's actually buyers who want to buy and don't care about the potential drop in prices, or just really like the house they are buying, etc. Friends of mine who are investors also are yelling GET OUT... IT'S GONNA CRASH!! But as I talk to them more I think they are wishing for a crash so they can buy cheap deals, and people believe what they want to believe. People with cash are HUNGRY for cheap deals and they are getting obsessed with the possibility of a crash. Truth is no one really knows. For some people it's a good time to back out and wait, for me it's a good time to stay the course and buy. I think it really depends on what's happening in your own little economy. If YOU INC is doing well that's the most important factor.