How to Close a House Hunting Deal as Lockdown Measures Ease
Closing a house hunting deal can feel like a long and drawn-out process at the best of times, never mind in the midst of a global pandemic! If your dream move has already been delayed as a result of the COVID-19 outbreak, chances are you couldn’t be more ready to finally sign on that dotted line. So, what are some little things you can do to speed up the process and ensure not another minute is wasted?
Let’s take a look….
● Be Ready to Move
The last thing you want is for your move to be delayed simply because you’re not ready; you need to make sure you have everything prepared and ready to go. Of course, with COVID-19 having thrown a spanner into the works, there’s still a little uncertainty across the property market right now, and things can change rapidly. The solution? Pack up your household items and furniture in a mobile storage unit, making sure it’s ready to go whenever you are. From a selling side, this can keep your property clear and clutter-free, so that your home is perfectly staged to sell should your buyers need to withdraw due to a change in circumstance.
● Get Ready for Inspections
At the end of March, the property market was severely impacted when imposing strict rules for private inspections were imposed. It’s not surprising that many sellers – perhaps yourself included – didn’t particularly fancy having strangers wiping their hands across kitchen surfaces! As lockdown measures begin to ease, it’s natural that buyers who had virtual viewings will want to see their new home in person, so get ready for inspections. Get ready to reach out to your seller and take a good look at your new property, and stage your home so it looks great if your own buyers want to pop in.
● Be Flexible
When you’ve waited so long, it’s completely normal that you’d want to push full steam ahead to close a deal. But perhaps the most important thing right now is to be flexible. It was reported that a whopping 40% of real estate auctions were withdrawn across Australia as the country entered into lockdown, so remember that there may be a few weak links along the chain right now. The best way to keep everything moving forward as lockdown measures start to ease is to keep in touch with your seller, your buyer, and their agents to monitor progress and keep everyone working towards the same date goal.
● Do Your Research
The truth is that you can never predict what issues may arise – both with the property you’re buying and with the home you’re selling – as a result of any surveys that are carried out as part of the closure process. However, you can prepare for the most likely scenarios so that you’re ready to act quickly and keep everything moving in the right direction. As a seller, it’s time to focus on making repairs to avoid some of the most common mistakes that devalue your property. And as a buyer, doing some research on specialists for damp, dry rot, and structural issues can help you get vital works booked in quicker.
● Take Control
Despite lockdown finally beginning to ease, many industries are struggling to return to normal levels of output, particularly with some Australians continuing to shield due to pre-existing medical conditions that may make them more susceptible to illness. Many real estate agencies are finding themselves short-staffed, so to avoid delays, savvy buyers and sellers are taking control of their own moves. You can minimise the risk of delays and close a house hunting deal quickly by buying and selling without an agent, making use of the fantastic resources available online, like our property search and sales platform.
● Stay Up-to-Date
Ultimately, you’re likely to end up wasting time if you don’t know what’s going on. COVID-19 has had a massive impact on the Australian housing market, and things are changing quickly. The best thing you can do to close a deal is to ensure you’re up-to-date with changes so you can act on the latest data. UNSW Sydney’s COVID-19 Australian Property Market Dashboard can help. “Insights obtained through the dashboard can assist Australians to better understand, monitor, and make more informed decisions in relation to property,” says Professor Chris Pettit, Chair of Urban Science and City Analytics Lab Director.
Make it Happen
The COVID-19 outbreak may have messed with your moving plans, but now it’s time for you to take back control. As lockdown measures continue to be eased across Australia, these useful tips can help you make your move happen and give you the best chance of driving everything in the right direction.
About the author
Renee Wainwright is the gobox Mobile Storage Manager whose years of experience in the industry allow her to provide customised and tailored mobile storage solutions to suit residential, business and corporate customer’s storage and moving needs.