Summer is just around the corner and it seems nothing can stop serious homebuyers from fulfilling their homeownership dreams even during a pandemic. If you’re planning to put your home on the market, it’s important that you practice safety measures to ensure that your family and potential homebuyers are protected from the coronavirus disease of 2019 (COVID-19).
Even as the COVID-19 cases continue to increase nationwide and there’s no cure yet for the dreaded disease, a National Association of Realtors (NAR) online survey recently revealed that the majority of homebuyers are now ready to attend or view an open house. Moreover, selling your home could be challenging if you’re doing this for the first time. Consider these home selling safety tips in the new normal:
- Accommodate buyers with a mortgage pre-approval – Only accept in-person viewers who already have a mortgage pre-approval to help reduce the number of viewers inside your property during in-person tours. People who have been pre-approved means that they’re serious buyers because they know that it’s important to work with a lender first before going out to shop for a home.
- Work with a seller’s agent – Selling your home is no easy task with all the paperwork and negotiations involved, not to mention selling your home in the new normal. Seller’s agents can do all the hard work on your behalf while protecting your best interests as a home seller. Realtors are required to follow new protocols during open house tours including having all guests sign a logbook for easy contact tracing, if needed. Ask your relatives or friends to recommend an agent that they’ve previously worked with if you’re not comfortable searching online.
- Encourage buyers to take advantage of virtual tours – While virtual tours have been around before the pandemic, more homebuyers now rely on this technological feature to avoid contact with other people who might have been, at the very least, exposed to the disease. This could also help reduce the number of in-person viewers in your property. FaceTime, Facebook Live, and Zoom are just some of the popular live video apps you may consider showcasing your property.
- Vacate your home during in-person tours – It’s highly advisable to vacate your home during in-person viewings, if you can, especially if you have young children or elderly members of the family who could be at greater risk of catching the virus. Before vacating your property, make sure to remove all valuables in your property that could tempt guests during in-person tours.
- Make sure to provide sufficient disinfectant for in-person viewers – Disinfectants, wipes, footbaths, isopropyl alcohol, and hand sanitizers are essential during open house tours in the new normal.
- Consider taking out a bridge loan – A bridge loan is a viable option when selling your home and at the same time looking for a new home to buy. Depending on how much home equity you have, you could even get excess funds to add to your own down payment for your new home. A bridge loan gives you an edge as it secures the financing you need to buy a new home while your current home is in the market.
Consult with an AEM loan advisor
Selling your home in the new normal could be a challenge especially during this time as many homebuyers are now ready to attend open house tours. The safety tips mentioned here can help you make sure that you and potential homebuyers reduce the risks of catching the coronavirus. Moreover, if you want your family to have a smooth transition from your current home to your new home, an American Eagle Mortgage loan advisor may help you figure out if you’re eligible for a bridge loan. Get in touch with us today to learn more about your options.