ON HOME BUYING OR SELLING: How To Do It During This Pandemic?

ON HOME BUYING OR SELLING: How To Do It During This Pandemic?


Home Buying and Selling during the PandemicThis pandemic has changed everything about how we all do life. And the real estate industry is one area that has been significantly affected by this. The fact is, real estate has traditionally been a very hands-on service. When listing a home for sale, meeting in person to discuss the process of listing your home, doing paperwork, allowing (and even promoting) home tours and so much more have always been the way of modern real estate. On the other side of a real estate transaction, going on a home search is also traditionally a very hands-on service.

In effect, many real estate agents are simply not doing business right now. The whole concept of trying to work around or through the current crisis is just too much for them to figure out. There are also agents who are throwing caution to the wind and proceeding with real estate in the traditional sense which is undoubtedly exposing their clients and others in the community to an increased risk.

When many other agents are falling out of the business, how to work and conduct home buying and selling during the Pandemic?

There are many ways:

1. Be prepared in advance for this pandemic and be suited to working during this crisis;
2. Develop high-end virtual tours of homes you are selling;
3. Try harnessing modern technology to make signing paperwork and even closing on homes a “contactless” activity;
4. Consider “drive-by” closing whereby you sign all documents in your car in the title company parking lot;
5. Explore brilliant techniques to conduct open houses, such as a virtual open house;
6. Conduct “online conference” of interested parties through a virtual meeting application and walk the potential buyers through the house;
7. Take numerous photos and actually stream the walkthrough live so that viewers can see the home from the comfort of home either on a phone or computer;
8. Combine that with expert marketing professionals and a full team of contractors, mortgage professionals, and connections with other real estate related professionals,

When you have someone serious about making an offer on your home, they will likely want to see it in person. During those times we will have a form to be submitted by each person wishing to enter the house that determines if they may have been exposed to Coronavirus. You will also require an “at the door” check of temperature and require masks and limit the number of people inside the home as you wish.

Finally, here is the bulleted summary of the above narrative:

  • Create virtual tours of your home
  • Use technology to show the home to potential buyers
  • Sign all documents online
  • Hold virtual open houses
  • Require medical screening questionnaires of potential buyers
  • “At the door” temperature checks
  • Conduct online closings or drive-by closings
  • Use of an ozone machine to disinfect a home
  • Take numerous photos and videos of the home for you
Home Buying and Selling during the Pandemic can absolutely be done, however, many agents are not equipped to handle this crisis. This ultimately means you lose in some way. Perhaps you lose service but more likely it will end up costing you money in some manner. If you need more information, please give us a call @ 216-619-4387. or if you have any questions let us know, we’d be happy to help as well!

 

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