Home buys guidelines to follow in the midst of Covid-19
The COVID-19 has impacted all of the businesses around the world and the residential property business is not any exception.The home buys in Australia are facing unstable and doubtful circumstances. This can lead to different problems; the most important one that the buyers are reluctant in buying houses as they fear the spread of the Corona virus.
What Guidelines to follow during COVID-19?
But still there is hope that at the end of the lock down; there will be a rise in the sale and purchase of the houses. For the time being the only option that can be considered a good one is Stop renting start buying. But in the meanwhile during the pandemic lock down the buyers can prepare for the following things.
The rate of houses are unstable
The buyers must be surprised to know that the prices of the houses are unstable because of the ever-changing situations during the COVID-19 pandemic. So the prices of specific houses can go up but there are others that can experience a considerable lower amount. So buyers have to choose wisely.
Begin buying procedure the earliest
This is the absolute right time to get started for buying the house. As the process takes longer than usual then starting the earliest must be part of the strategy. As the sellers and buyers are facing restrictions; the process of buying the house will take longer to complete the process.
Watch real-time videos and audio
Another guideline that buyers should look into is asking the sellers to send original and real-time photos of the house so that it can make it easier for the buyers to decidewhich house to buy. The videos are also vital as live video calls can give a good tour of the house.
Virtual tours are proven beneficial
This technology was initially developed for the foreign investor and home buyers; as they can’t look at the property personally. So they are given access to the virtual tours of the houses and they can look for the right property. Today the normal buyers are also using as they can’t physically visit the sites.
Arrange for the Money
There are certain amounts that are fixed that the buyers need to arrange for the purchase of the house. This amount can be large or small which totally depends on the size, location and the availability of commodities near the house. The amount that is needed includes; down payment, cost of home appraisal, house inspection, fees to various professionals and the closing cost.
The Paperwork must be complete
Sometimes buyers come across the serious issue of compiling the paperwork needed to buy the house. But there are many experts like Stop Renting Perth; who have the skills to help buyers complete the documents. The paper work is must be carefully examine in the home buying process.The Corona virus has given buyers plenty of time to collect all the documents that they need.
Find the appropriate house
The internet and the world of online searching have made it convenient for the buyers to find the most appropriate house. As you have a lot of time; the search for the right house must be thorough. You have to consider the location, the number of bedrooms and bathrooms, size and type of the house.
Stop renting start buying can be a choice
If the buyers are staying in a house that they are renting then they can consider buying the house they are staying in as tenants. The buyers are aware of the various scenarios in the house. It will be easier to home buys as very few formalities involved in this kind of deal.
Get help from professionals
When you are buying a house you need the help of different professionals who can assist you in various stages of house buying. The professionals that are linked with buying a house are listing, buying agents, mortgage broker, home inspector and a lawyer. Each and every one of the professionals is a great help.
Decide for the date after the lock down ends
This is not an easy part of the procedure because it is not sure when the lock down which is the result of the COVID-19 is going to end. But there the time period given is 14 to 21 days; so decide for the date that is after the ending of the lock down; as the government are not allowing anyone to come out except for necessary reasons.
Start packing gradually
You have a lot of time in the lock down and can choose which things to pack first that will take a lot of time. You can gradually start packing as it is said that slow and steady wins the race.
Hire a moving company in advance
You can hire moving companies in advance; although the time of the lock down is not yet determined as an estimated date can be booked.
Make a settlement with the seller
The settlement with the seller can also be done in advance and the date of the shifting and final closing payment can be done after the lock down ends. This process can be left for the Stop renting start buying and other buying options as well.