The COVID-19 pandemic not only took a heavy toll on the healthcare industry, but it also affected other industries, including real estate. While many sellers are pulling their properties out of the market these days because of the pandemic in an attempt to sell them at a different time, that just isn’t possible for some of us. This is especially true for those people who have lost their steady income because of companies’ cost-cutting.
However, the sellers are not the only ones adjusting to the situation, but also the buyers. During this time of COVID-19, many people are becoming more aware of their surroundings and especially with their safety, even when buying a house. They can be meticulous too, like demanding to have virtual tours and the house’s utmost location and cleanliness.
While it is understandable given the fear of COVID-19 is still in the air, it can be quite challenging for a lot of sellers out there. However, don’t fret as we are here to talk about some tips you should know when selling a house during the COVID-19 pandemic.
Cancel Your Open Houses
An open house is an excellent way to show off your property to anyone willing to see it for themselves. However, this isn’t a viable strategy nowadays because of the coronavirus. Given that the government itself is prohibiting going out too much and attending a large gathering, it’s nearly impossible. It can even get you to pay some fines for the violations.
In an open house event, there’s no way for you to organize a large crowd to be more careful with their surroundings. A large gathering is dangerous because it increases the chance of someone getting infected with the coronavirus. That said, cancel all of them because not only are they risky for everyone involved, it could also lead to an investigation from the authorities.
Try a Virtual Tour
These days, the one that is connecting a lot of people is the internet and technology. Without these things, there would be no way for us to see and talk to each other. That said, one of the most popular trends nowadays in the real estate industry are virtual tours. An open house event is an excellent way to show off your property, but it’s not advisable to hold one right now because of the current circumstances.
That said, you can do a virtual tour of your house for your potential buyers. Virtual tours are a must these days, and without them, the chances of your house getting sold are nigh impossible. For your virtual tours, you must record a video where you show off every inch of your house in a pleasant and presentable way.
Not only that, some buyers want to do it live, so you must always be prepared. You can do these virtual tours on several platforms, too, like YouTube, Facebook, etc. To do a live tour, set a date where you’ll do the live stream and make sure that everyone who wants to attend will be notified. To make things easier, you can make an appointment for everyone.
Stage Your Home for a Photo Shoot
Although this method is not as effective as doing a virtual tour of your house, staging your home for a photo shoot is an excellent alternative way to show off your property. With this method, you can highlight the best features of your house in a significant way.
Also, you should always remember when staging your house for a photo shoot is to always depersonalize your space by getting rid of personal effects that can hinder the interest of a buyer.
Make Everything Easier with Technology
Technology isn’t only helping the real estate industry by making virtual tours possible, but also with the documentation process. As of recently, there are at least 23 states that are allowing signers and notaries to do documents while at separate locations.
Yes, you can do signings virtually now. There are many platforms where you can do that, too. It’s only a matter of preference. Perhaps, an article on Sundae.com can help you on how to showcase the house you’re about to sell.
Since almost everything can be done with technology, it’ll be easier to save money. Open houses and the documentation after your house getting sold can take a lot of money. That said, you can cross them out from your checklist of deductions for the house proceeds. That’ll make your calculations more manageable, too, since you’ll have lesser things to worry about.
Selling your house during the COVID-19 pandemic is quite the challenge if you aren’t up for it. However, while it is challenging, it’s not impossible as long as you make use of your resources. Not only that, most buyers are choosing to do everything online too, so being accessible online is a massive plus if you gain more potential buyers. By creating and being resourceful, you’ll be able to sell your house in no time at all.