Click Here To Watch: "Will The Government Shutdown Stop Your Home Sale?"
Will the Government Shutdown Stop Your Home Sale? Are you buying or selling a home in Northern New Jersey right now and wondering… is the government shutdown going to affect my deal? If you’re in Bergen County, especially in areas near rivers or flood zones, this could impact you more than you think.” “Hey everyone, I’m Scott Selleck with The Selleck Group at KW City Views Realty.
I help buyers and sellers across Bergen County and Northern New Jersey navigate today’s market — and right now, that includes making sense of the government shutdown.” “So here’s the deal: not every transaction is at risk, but there are certain situations where a government shutdown can create delays or complications.
Some examples include: Homes in flood zones that need federal flood insurance, Buyers using FHA or VA financing, Land or development deals that require federal environmental reviews, Or any closing with a really tight deadline and no wiggle room for delays. That’s where shutdowns can cause severe headaches.”
“Here’s what you might run into: New or renewed flood insurance policies might be unavailable, FHA and VA loans may take longer to process, Lenders could have trouble verifying income through the IRS, and if your deal depends on federal permits, that process could stall completely.” “But don’t panic.
There are smart ways to protect your deal and keep things moving. Some of the best steps include: Locking in flood insurance early — or considering private options if your lender accepts them, Using conventional financing when possible, Getting all your financial documents submitted to your lender upfront, Building flexibility into your contract to allow for extensions, And — maybe most important — staying in constant communication with your loan officer, title company, and agent. These moves can make the difference between a deal that gets stuck and one that closes smoothly, even in uncertain times.”
“So bottom line — if you’re buying or selling in Bergen County or anywhere in Northern New Jersey, a government shutdown doesn’t have to stop your plans. But it does mean you need to be proactive, prepared, and working with the right team.” “If you want expert guidance to make sure your transaction stays on track, schedule a consultation today with me, Scott Selleck, with The Selleck Group, KW City Views Realty. I’m your Northern NJ Realtor.
I am here to help you navigate this market with confidence.” “Thanks for watching. Don’t forget to like and subscribe for more Northern NJ real estate insights. I’ll see you in the next video.” Navigating the impact of a government shutdown on home loans and real estate in Bergen County requires careful attention, particularly for properties located in flood zones. Sellers and those buying a home should stay informed during this period.
Stay tuned for more insights! Contact Scott Selleck, The Selleck Group, KW City Views Realty, Your Northern NJ Realtor in Fort Lee, NJ at 201-970-3960 or email me at [email protected]. Servicing the Bergen & Hudson County Communities for over 32 years. From the Holland Tunnel to the GW Bridge and West into the Bergen County suburbs.
