Things you need to know before Selling Home during Corona Virus Pandemic

1. Things you need to know before Selling Home during Corona Virus Pandemic Is it possible to sell the house by the owner during coronavirus pandemic? Selling your home in the midst of Coronavirus pandemic is tough and offers unique challenges. You need to follow different steps and simple strategies. Selling home totally depends on the present landscape measures your state is taking to prevent the spread of coronavirus. Gatherings are not allowed at the contaminated places. This could be a major issue because two parties can’t meet for the signing of the final contract. Thus, you must familiar with the rules, regulations and policies of the particular area. Is it the right time? People are wondering if it is the right time to sell the house. But, they are not familiar with the advantages of selling the home during covid19 pandemic. We have mentioned a few of them. 1. Purchase applications were actually running around nine per cent higher, while they were at the same time previous year. 2. The two factors that keeping the market for existing homes stable even during the increased prices. a. Some people have taken down the listing of their home from the market. This states those who have applied for a mortgage are ready to pay more for the houses which are available for sale. b. Last week, the rate of the mortgage was never this low.

2. Awareness of the local rules, regulations and Policies According to the orders of the local area, real estate workers can start their work by opting safety guidelines laid by the government. But this does not apply to homeowners. The solution to this problem is to work with a real estate agent. He can represent yourself whenever showings need to happen. Keep a check on the real estate sources There are various sources who are doing a great job in delivering the guides on home buying and selling during coronavirus pandemic. You must know about the rules and best practices in your area. Have a look at the following: 1. If someone is able to buy with cash, he needs a mortgage. In this case, the home act as collateral for loan purpose. If the in-person appraisal is necessary, then you can take precautions like using masks, gloves and booties. They can reschedule the meeting if you are not well. 2. Video calls solve the problem of inspection. A home inspector can make a video call with a potential buyer or make a video and send it to the buyer. 3. When it comes to close the deal, you can go for e-signs and avoid in-person meeting. This is for your own safety.

3. 4. If physical signatures are necessary, the certifier may lay down the docs and step back you can sign the doc and step back. If there are other documents which need to be recorded, you can delay the process if offices are closed. Be cooperative There is a clause inserted into your agreement that provides extra flexibility based upon the circumstances which are somehow related to coronavirus pandemic. This may keep the things at the back. Thus, it becomes important to understand that there are several safe and precautionary measure that can be adapted to get the things done. A unique tour in the time of COVID 19 pandemic Online house listing was quite popular before this pandemic. It is still a great option to take an online tour to avoid the crowd. You have to adopt different strategies and follow some important step. For instance, adding a lot of photos of the house, good lightening system so that it looks good during video conferencing. So many people record the video of the house and put it on YouTube, Facebook and other social media platforms. Some are even doing house tour through video calls. There are some areas where in-person house tour is allowed with two or three people only. They have to wear gloves, mask and booties.

4. Make sure they do not touch anything, not even turning the switches on or off. It is a different experience to sell the home in this pandemic. You only need to follow local rules and follow simple strategies to get the things done safely. Reference : https://medium.com/@cashbayworkingcapital/things-you- need-to-know-before-selling-home-during-corona-virus-pandemic- acf812e55f6e