Tips for Buying, Renting, and Selling Property
During a Pandemic
Many people have the misunderstanding that real estate is dead during the pandemic seasons. Although the pandemic has affected it to a certain extent, we are still operational with scaled back means of operation. If you're unsure how to proceed with buying, renting, or selling property in this COVID-19 era, this article is for you.
Tips for Buying and Renting Property During a Pandemic
1. Use technology
Research is key. The age of the internet allows people to gain information about specific places with a click of a button. Although you might not be able to see the location yourself, you can still perform research about the surrounding community of homes for sale. Google Maps allows you to place yourself and get an image of almost every urban and suburban street.
Another means of using technology for information would be virtual tours. Some sellers and landlords utilize 3D technology to allow people to experience a virtual tour of the property without having to go there physically. Aside from 3D technology, sellers can record a video tour of the house if they are short on budget. If you get in contact with a home seller during pandemic, ask them to record a video to get a better feel of the place.
With this set-up, buyers and renters can get an idea of what it's like to live in the property without the fear of contracting any disease.
2. Study floor plans
Sometimes, virtual tours do not give justice to the actual spatial perception in videos and 3D tours. As such, you can request a copy of the property's blueprint to understand the space thoroughly. If you compare the specified dimensions to your current living space, you can get an accurate representation of the spatial scope of the concerned property.
It’s important to remember, too, that 1,500 square feet can seem spacious or cramped depending on the layout, furniture, and even lighting. If you’re looking to buy a home in Genesee County, getting a good look at the floor plan is a great preliminary step.
3. Fix paperwork and credit score
There are many requirements for applying for a mortgage, and it's best to have all of them ready whenever your loan provider demands them. Additionally, you also need to improve your credit score, especially if it's on the low side of the spectrum. You can do so by paying off your debt and bills regularly.
If you aren’t able to buy a house during a pandemic, you can still get ahead by taking the extra time on your hands in quarantine by learning, researching, and doing what you can to get ahead and come into every meeting more prepared. It wouldn’t hurt to reach out to the appropriate parties (broker, realtor, homebuilder, etc.) ahead of time with an eye for the future.
TIPS FOR SELLING PROPERTY DURING A PANDEMIC
1. Perform any necessary DIY repairs
Now that most shops and contractors are non-operational this season, it is best to DIY any problems on your property. That includes broken tiles, scuff marks, dirty windows, watermarked surfaces, leakage, and many more.
It’s also a great idea to ensure that your home is clean before posting any videos, pictures, or creating a listing. A clean, well-lit photo of your home will bring in more interested homebuyers in the Genesee County area than the alternative.
2. Improve your garden
Gardens and lawns can make or break the chances of selling your home in Genesee County. It also gives the buyer an overview of how you take care of your property. An unorganized garden with dead plants does not look appealing to the eyes of interested property buyers. On the other hand, if you have a green lawn, bursting garden, freshly painted decor, and flowering plants, you can increase your chances of selling the property at a higher price!
3. Film video tours
Lockdowns and community quarantines deter prospects from visiting your property. However, that does not mean that you cannot do anything to creatively show your property to interested parties. You can do so by filming your home in a virtual tour set-up, or taking panoramic photos. You can even hire a real estate agent to do the tour for you. In doing so, potential buyers can experience a glimpse of the property's looks.
Tips for Buying, Renting, and Selling Property
During a Pandemic
Conclusion
Real estate is not dead! Property buyers and owners have adapted to the situation and are working creatively to move forward with their real estate transactions. Remember that the aforementioned tips for buying, renting, and selling property during a pandemic above only serve as your guide. Your best bet in buying, renting, or selling a home in Genesee County is to coordinate with realtors near you, like Smith Street Homes.
Are you looking for houses for sale in Davidson, MI during a pandemic? Contact us today to see how we can help.