My agent wants to write a shorter timeframe, but my mom who works in escrow is telling me that everything is delayed due to COVID.Thoughts and suggestions? 

After purchasing our first rental property with cash last year and planning our strategy for the remainder of 2020, including cashing out the rental (delayed financing), using the cash leverage to build 4 duplexes, we've come up against some obstacles.

There is no cause for panic and if you are delaying a purchase because you think the price will come down, you are probably making a poor decision.Please stay safe and reach out if you have any questions, happy to help!

We invest in PR, but did not check on here for any listings in the past. the staff here are good with making this place better, so i am sure your request will be looked at. our closing in PR got delayed due to COVID.

Forbearance plans are band aids that delay the inevitable for many.

@Deneuve B.i see some people are Doing real well with multiple offers , On a whole Logically the market will likely soften as their is great uncertainty in the marketplace , banks are allowing delayed payments , courts are not in sessions to force foreclosure and evictions , there will be a great backlog and for those who are Patient , they will be able to find some good deals that will appear in the market place , If I was buying last week I would want a discounted price on properties especially those with Tenants.

This would help in case of rehab delays, or even decrease in market prices.Have you seen any signs of crisis, price erosion or recession due to Coronavirus?

Title companies have adapted to this with gap insurance but it still introduces yet another delay in getting the deal completely done.

Currently, due to coronavirus issue, we are self-isolated at home and the tax office is delaying the paperwork. 

Just be up front and get it done with a minimization to his inconvenience.