Open home inspections have always been the norm in buying and selling homes. However, reality now sees there are no more open houses since they’ve been banned due to new social distancing laws. It’s a whole different virtual world NOW!
But rest assured, the Property Brokerage team has always used virtual home tours. It’s the solution that enables you to sell your home safely, totally eliminating the need for open home inspections anyway.
How is the Virus Most Impacting Buyers in the Area?
We know that COVID-19 has altered the way buyers are now inspecting homes. It’s anticipated that this will continue for at least 6 months, as lock downs and travel bans become more widespread.
This is especially true when selling property in Hervey Bay as many buyers come from interstate, whether looking to invest or move to our beautiful coastal city.
COVID-19 Spreading Fear & Uncertainty
Obviously, there’s been significant impact throughout the entire country with general fear and uncertainty becoming the new norm as the situation worsens.
Our Government has enforced new rules to hopefully ‘flatten the curve’— including quarantine and social distancing to combat the spread of the virus. We’ve seen lots of panic buying, empty supermarket shelves, loss of jobs and so on.
Buyers Major Real Estate Concerns
- Virus Exposure: Traveling can expose them to the virus
- Isolation: Potential of imposed isolation-quarantine in motels / unable to return home for some time / potential expenses & monetary loss
- Miss Out: By the time Buyers can safely travel to Hervey Bay, the house they are looking at may be sold.
Sellers Major Real Estate Concerns
- Virus Exposure: Can a buyer inspecting the house place them in real danger of getting infected?
- Negatively Affect Marketing: How will this slow down the selling of their house?
- Impact Price: What will the sale price likely be if the market falls as has happened with the share market?
Indeed, these are very genuine real estate concerns— however there are also very effective ways of overcoming these fears.
Technology Offers Very Effective Solutions
Technology in the form of Interactive Open Homes allows potential buyers to inspect the homes of their choice. There’s no need to travel and attend an open home or private viewing.
Buyers can appoint an independent trusted local, such as a building and pest inspector. That person does a physical walk through of the home while simultaneously on the phone. The buyer then puts in an offer.
Several interstate investors have used our open house online platform to buy property without ever setting foot into the home!
And for those buyers that prefer to place an offer on a home, subject to undertaking a physical inspection later; they can. It does need to be within a specific amount of time though.
All this can be easily achieved with an Interactive Open Home Tour . We’re offering it FREE of charge in response to the Coronavirus to all Hervey Bay and Maryborough sellers that list with us.
Check out our website, send an email or call a member of our Property Brokerage team today for more information.