The Coronavirus pandemic has forced several business operations to shut down. The real estate industry is one of the many sectors that have been hammered by the closure of the market and uncertainties. However, the dream of owning a home by millions of Americans is witnessing a new hope as many are vouching on technology. If you are someone who had to keep their desire to buy or rent a house on hold during COVID-19, these tips will help you fulfill it.
Five tips for renting or buying a house during the Coronavirus.
Tip 1: Hire an informed Realtor
During this Coronavirus pandemic, it’s best to rely on professional realtors who you can trust. Start the search for a good agent by asking your friends or family members. Otherwise, take your search online for real estate companies that have we buy houses Virginia Beach VA service. A professional and well-informed realtor would know the current situation of the market and the restrictions that are in place. They will be better at guiding you through the buyer’s market and help you with all the paperwork, virtual home showing, inspections, and other processes. Before picking up your realtor, make sure you ask them the following questions:
- Can they provide a virtual house tour?
- What technologies will they use throughout the process?
- Are they familiar with the COVID-19 best practices, and are they following them?
Tip 2: Shift your Real Estate Market Research Online
The internet is the best place to search for the best real estate properties. Just punch a few search terms, and you will be amazed to find plenty of listings and properties. From the description, pictures, and reviews that come with the listing, you can narrow down your ideal options. Since sellers too want to make the most of technology during the COVID-19 pandemic, more and more sellers are offering virtual house tours. If the property listing has a 3D house tour, check the details of the house, including its layout and condition.
Tip 3: Ask your Realtor to Perform Live Walk-through of the Property
House tour is a crucial element of house buying. Since it’s impossible to go for a house tour in person during COVID-19, you can ask your realtor to pay a visit to the place on your behalf. Ask your agent to give you a virtual tour or record the walk-through with a video camera. A live virtual tour will allow you to interact with your realtor and ask questions in real-time.
Tip 4: Explore the neighborhood
The location of the property matters as much as other factors when it comes to buying a house. If you can drive around your area while following social distancing, consider checking out the neighborhood. Find out what local markets and businesses operate there and how far it is from the hospital or school.
Tip 5: Pre-qualify for a home loan
Merely applying for sell house fast Virginia offer is not sufficient when it comes to owning a house. Given the risk of contracting an infection through human contact is high, most sellers may be reluctant to allow realtors or buyers for the home tour. Thus, you must have a pre-qualification letter for a home mortgage before approaching a seller.