3 Tips for Selling Your Home During the COVID-19 Pandemic
If you’d planned on selling your home in 2020, it might feel as if the coronavirus outbreak has derailed those plans. Though selling your home during a pandemic poses some unique challenges, it is possible to find a Las Vegas homebuyer for your property. Here’s what you need to know about selling your home during the COVID-19 crisis.
1. Open Your Home to Virtual Tours
COVID-19 brought a slew of stay-at-home orders and public health campaigns that encouraged citizens to remain at home as much as possible. See that a potential homebuyer can still view your home without having to leave their current residence by opening your property to virtual tours and walkthroughs.
A virtual tour is an excellent alternative to an in-person showing, especially if you anticipate a large number of potential buyers. Work with your real estate agent to ensure detailed pictures and videos of your property are readily available. If a prospective buyer is interested in your home, a virtual meeting is an option to answer any questions they may have or give them a closer look at certain areas of your home.
2. Take Steps to Minimize In-Person Showings
While it's reasonable for a serious homebuyer to want to view your home before making an offer, it's best to take steps to reduce in-person showings.
Your real estate agent can require them to show proof of financing before showing the home. You can also encourage homebuyers to take an exterior tour of your home to check that the layout and location are suitable. This will cut down on the number of people you have in your home. When someone is in your home, you might request they wear a face mask and use hand sanitizer before entering.
If you're adamant you don't want anyone stepping foot inside your home, make sure this stipulation is visible to prospective buyers.
3. Know the Selling Process May Take Longer Than Usual
It's essential to be realistic concerning how long it will take you to find a buyer and the length of time it will take to close the deal. Certain industries have been hard-hit by the COVID-19 crisis, and many employees are dealing with reduced hours or furloughs. This doesn't mean people aren't buying homes, but it may take a little longer to find the right person or family.
Once you find a great buyer, it's likely the length of time to close on the sale of your home will also take longer. Some areas have restrictions in place regarding property transactions. Temporary closures and freezes on real estate transactions have led to a backlog in many cities.
Individuals necessary to the sale of a home, like home inspectors, appraisers, loan officers, and insurance reps, are likely working under limitations that lengthen the amount of time it takes for them to do their jobs.
Consider Making Home Improvements & Putting Your Home Back on the Market Later
If you feel it’s not the right time to sell your home or think you can find the right Las Vegas homebuyer if you make certain home improvements, call CCCU at 702-228-2228 to learn more about our affordable Home Equity Line of Credit options. A HELOC is an affordable way to help you pay for home improvements so your home is in tip-top shape before placing it back on the market.