The COVID-19 pandemic has impacted upon almost every industry including real estate.
State and federal governments have introduced necessary restrictions to stop the spread of the virus. But the property market continues to operate, with the safety and health of all persons involved the paramount concern.
Below, we answer your Frequently Asked Questions (FAQ) on what the coronavirus crisis means for sellers, buyers, renters and landlords.
Can I still sell my home?
Yes. Sellers’ agents, buyers agents and the rest of the market have adapted to the new restrictions. Virtual tours of homes, private inspections and online auctions are now the norm. Sellers can still sell via private sale too, as always.
What does the ban on ‘on-site’ auctions or ‘in-room auctions’ mean?
Auctions will continue to be held online. Prospective buyers can continue to register and bid online. Only ‘in-person’ auctions have been suspended due to social distancing rules.
Can I still inspect a home I am interested in?
Yes. Realestate.com.au has launched a new virtual inspection tool which will allow buyers and sellers to remain in business. Buyers can inspect a home virtually and then if they wish to visit a property in person, they can arrange a private visit through the selling agent.
How do virtual or digital inspections work?
Digital inspections allow real estate agents to use videos – either shot professionally or via smartphone walk-throughs – which would be available to renters and buyers via ‘Inspections’ sections of Buy and Rent listings on realestate.com.au.
Will showing my house increase my family’s chances of contracting coronavirus?
The government says as long as all recommended measures, such as social distancing and hygiene, are observed it is safe to proceed with private open home inspections.
You can access up-to-date information from the federal government on COVID-19 here.
Contact Fortis Real Estate now!
P: 02 8328 0901