While we are within the current COVID-19 restrictions property selling and buying is a little different.
- No in-person auctions
- No open house group inspections
While these changes make the landscape a little different you can still arrange private inspections and private sales. There are positives to these changes and we can adapt to this new way of doing things for the time being.
Here are some tips:
Continue to shop around – While there may not be as many properties listed you still need to know what the marketplace is doing in your chosen area. Do your research and make sure you are knowledgable on reality. Don’t just focus on what you feel like is the correct price for a property.
Arrange an inspection – You’ve seen a property that interests you and you want a closer look. Contact the agent and arrange a private inspection of the property. Utilising your knowledge you will be able to determine both if the property is suitable and how much you would like to offer. Make sure to ask:
- Why is the property being sold
- Is the seller in a rush to sell
- Are other people interested in the property, how many and are they, owners or investors
- What price are the sellers hoping for
How are the offers going to work – Ask the agent for the property how they are going to process any offers with the property owners. Confirm these details with your conveyancer.
Making an offer – Find out if there have been other offers which may have been turned down. If you are very keen to buy make sure you don’t make an offer that is too low, insulting or one that may be too low for the seller. Remember that there may be another buyer ready to pay more and if you waste time you may miss out altogether.
Ensure you are ready – If you do make an offer, you need to be ready to proceed with a deposit and your finance in place.
Conclusion – If you have any questions, please contact Nicola at Select Conveyancing.