Selling your property during COVID-19
Can I sell my property during COVID-19?
Like many industries in Australia, the real estate sector has been shaken by the COVID-19 pandemic, leading many property owners to wonder how they can make the most of the current situation – and from the sale of their property.
Despite current events, there are still ways for you to easily and successfully sell your property. To help you navigate your way we’ve answered some of the more commonly asked questions.
Can I still sell my home during COVID-19?
Yes, you can still sell your home. Like so many of us, the real estate industry is rapidly adapting to the current climate, paving the way for a virtual property world.
The industry has moved to online auctions and virtual tours, and private sales are still an option. COVID-19 has caused a shift in processes but it hasn’t greatly changed the way business happens.
Are there buyers in the market?
Despite fewer property listings the number of genuine and committed buyers remains steady and increased time spent at home means potential buyers have more time to explore properties.
The latest reports from realestate.com.au suggest a rise in demand, with statistics showing an increase of 14 per cent in search activity compared to this time last year.
Regardless of market conditions and a global pandemic, every buyer has their own reasons for entering the market and cutting-edge technology is able to facilitate the sales process, despite social distancing restrictions.
What’s involved in a digital inspection?
Digital inspections are an immersive experience that allows potential buyers to view properties from the comfort of their home without needing to make an appointment with an agent.
It may include an online video showcasing the property or a 3D virtual tour giving buyers the ability to walk through every room of a home at their own pace.
Digital inspections have opened the doors to a larger local and interstate audience. Now that buyers can view properties from any location, it provides additional peace of mind for those who can’t visit in person, and is particularly suited to investors.
In today’s digital world, a dream home is quite literally just a click way.
What does an ‘online auction’ mean?
Your home can go to auction online via livestream and buyers can register with agents and participate in online and phone bidding. Real estate agencies are using the likes of Gavl, Auction Live, AnyWhere Auctions, Zoom, SoldOnline and Google Hangouts to facilitate this process.
If you’re new to the auction game and the thought of a rowdy and crowded live auction sets your nerves on edge, a livestream might just help you familiarise yourself with the event and processes.
How can I sell my property by private treaty during COVID-19?
COVID-19 doesn’t affect your real estate agent’s skills as a property expert and professional negotiator − they are still able to negotiate a private treaty for the sale of your property.
Agents can offer one-on-one appointments that adhere to safe social distancing and hygiene guidelines with sellers and buyers. They can also stay in contact via phone, email and video calls to negotiate a sale between you and a buyer.
When it comes to filling out and signing documents many agents are using technology that provides an online solution that is seamless, easy and safe to use.
To stay up to date with the latest COVID-19 information head to the federal government website.