House hunting during a Pandemic.
The impact that coronavirus has created on real estate is being felt globally. This is of course a temporary setback. Real estate portals are prepared to gear up to face the consequences of COVID-19. In this short term, transactions will take a dip but in the long run, property buying will remain as promising as before. During this time period of coronavirus, if you are trying to buy a property, there are many options to choose a house just by staying at your house. Sellers started using modern technology techniques to continue with their home-buying plans. All the buyers have already postponed their visits and home buying plans but We all must be thankful for technology as we are equipped with various resources that will help home buyers and sellers this through the pandemic.
House hunting during a pandemic:
Take your home hunt online: Most of the buyers are using various online portals and the choices provided by the online portals for home searches. All the property buying portals are already equipped with various options to provide as much as possible information to all the genuine buyers. You use can various filters provided by the property portals and choose your house as per your requirements.
Visualize better: property portals give you time that is more than enough to sit back, go through each and every listing as per your requirement and every aspect of your dream house. You must use this time to make some important decisions about your home by taking advice from all your family members.
Post your queries on forums: every property portal has its own forum for its customers to post their concerns regarding the property buying procedure. And during this pandemic, all the property portals are ready to solve your queries in no time. There are numerous online forums where you can initiate conversations with various interested buyers.
Virtual property tours and video conferencing for meetings: to get a more detailed view of your property, you can create a video tour of your property, either with your camera or your smartphone and upload this in your property listing or send it to those who are interested to buy your property. You can also use various video conferencing platforms such as zoom or skype to schedule some meetings and discuss all the important decisions online. As you have a lot of spare time at home. You can always choose this option. If you are a first-time buyer, you can clear all your confusions and queries in these video conferences.
Few important things that buyers to be aware of:
- Be aware of your property prices: prices aren’t going to fall or rise during this pandemic.
- If you have brought a ready to move in property, then just keep in mind that you will not be able to shift to your property anytime in near future, at least till the lockdown is over.
- If you are constructing a property, make sure you enquire about actual delays that are caused due to pandemic.
- It is important to be updated on how policies, prices, and trends during the lockdown.
Few important things that sellers should be aware of:
- Make sure you list your property online.
- Also, click a perfect video and post it with your listing.
- Try to be aware enough about the mandates of government that are announced during this pandemic.
- Keep your website updated.
- Team up with brokers
- Answer public concerns online as soon as possible.
Frequently asked questions by buyers to sellers:
- Is it safe to buy a property during a pandemic?
It is not safe to go out and visit the property, instead, it is absolutely safe to watch the virtual tours of the house and to research online about the property.
- Is it safe to proceed with any transactions during the outbreak?
It is absolutely safe to proceed with transactions because many reputed real estate portals like CommonFloor will help you with all the concerns about the property buying process during the pandemic. You can use the services initiated by the government to make some decisions.
- Is it important to own property during the Coronavirus outbreak?
Most people are now realizing the value of the real estate as it is the most reliable option offering steady returns.