5 Questions Buyers Have During the Coronavirus Outbreak Answered
Everyone is being affected in some manner by the outbreak of Covid-19 coronavirus. During this time, buyers will have more questions than normal about the home buying process and their ability to buy a new home. While we can’t predict what the next few weeks and months will bring, the more we can educate ourselves, the better we can help buyers navigate the buying process smoothly during the pandemic. Here are a few common buyer questions as they related to the Coronavirus outbreak and real estate answered.
1. Can we still go see home listings in person? – Yes, currently in NSW you can inspect properties for sale or rent in person, as it was deemed as reasonable excuse: "Moving to a new place of residence (including a business moving to new premises) or between different places of residence of the person or inspecting a potential new place of residence".
Recently as agents, we've been allowed to start conducting open homes and onsite auctions again too.
We are able to offer a Face Time home tour virtually and where available we have been scanning 360 virtual tours of the properties.
2. How can I stay safe while visiting homes? – Everyone’s health has to be the priority; this includes the buyers, sellers, and agents. If you are going to see a home in person during this time, carry hand sanitiser and wipes to use before, during and after the tour. We drive separately and meet at the homes. During the tour, we use disposable gloves and hand sanitiser and will have some available for your use. The inspections are non-contact for buyers and if you require anything to be opened or turned on/off, we will do it for you.
3. Can I bring friends and family with me? – No you can not. Inspections are only available to members of the same house hold. We still require you to adhere to social distancing measures and we limit the amount of people inside the home at any one time.
4. Will I still have access to the home during the settlement period? – It’s very common for the buyer to have easy access to the home during the settlement period; home inspections, appraisals and just measuring are all common reasons to visit the home during escrow. Consider grouping these activities whenever possible.
5. Will I get a better deal if I wait to buy a new home? – We all know there’s no crystal ball, but with everything that’s going on, sellers on the market should be very motivated to sell. There are also historically low-interest rates on home loans. There is no way to predict the future, so if the right home comes along, it makes sense to consider it.
The Covid-19 outbreak is causing some uncertainty among home buyers, sellers, and even agents. However, with the use of technology and following best practices, you can still find the home you’ve been waiting for during this time.