6 Things You Should Know About Buying and Selling in Orlando During Coronavirus

6 Things You Should Know About Buying and Selling in Orlando During Coronavirus

To say that these are uncertain times is an understatement and you may be hesitant when considering entering the real estate market. We are living through a unique event in human history and it’s understandable if you’re apprehensive about what lies ahead during this period, should you need to buy or sell real estate. If you’re feeling a bit lost about how to proceed, you’ll find the following 6 things you should know about buying and selling in Orlando during coronavirus very helpful in the process.

Timing

One thing you should know about selling in Orlando during coronavirus and the uncertainty in the economic outlook is that some buyers or sellers need to make their move quickly in Orlando during coronavirus. This could be due to changes in employment, be it either a move down or up, or due to personal issues such as caring for a family member in another location or any number of other reasons.

Financing

Home sales made a noticeable jump in July, as buyers are spending more time at home due to COVID-19, they are searching for more comfortable surroundings. Due to changes in the economy brought on by these highly unusual circumstances, credit has been widely affected negatively across all economic classes of the market. This means that less of the population will meet the standards that are required by most traditional lenders. For this reason, it’s important that you know about alternative financing options when you are either buying or selling in Orlando during coronavirus. Being open to creative financing on the part of both parties will widen the potential playing field for finding the right seller or buyer.

Safety

Another thing you should be aware of buying and selling in Orlando during coronavirus is how to keep safe during the process. it’s frightening to think that someone walking through your home could endanger you or your family members. Discuss with your real estate agent the steps that are being taken in order to prevent bringing someone showing signs of illness or with a fever wandering through your living space. A good recommendation would be to limit access to your house and not host an open house. Of course,  this can delay how quickly (or not) your house sells, but during a pandemic, it may be the best way to go if you are still living in the property you are selling. You can prevent unnecessary contamination of common household surfaces during showings by requesting that your agent be the only person who touches any surface. Likewise, you can ask that all present wear protective gear. you’ll also need to ensure that you can rely on them to wipe down or spray any surface they or their client may have inadvertently touched.

Empty Is Golden

You should know there is value in the fact that a home has been sitting empty for those who are either buying or selling in Orlando during coronavirus. Having a quarantine period of at least two weeks alleviates concerns about disinfecting every nook and cranny of a home after a showing for the seller or before moving in if you’re the buyer. 

Limits

Something else you should know about buying and selling in Orlando during coronavirus is that many sellers are requesting that only their agent show the home. Another way to keep a low total on the number of people who’ve actually been inside your home during the entire process is to ask that only two people per showing be allowed. While often the buyer’s agent is not in favor of this arrangement, special allowances must be made at this time. 

Technology

Given the technology of today, you’ll also want to be aware of everything possible about the virtual pool of potential buyers or sellers, when buying and selling in Orlando. For the tech-savvy who want to go it on their own, while it may look easy, you’ll want to be certain that you keep within all of the local, state, and federal laws that govern real estate transactions. 

One important advantage of technology during this time, is being able to host virtual open houses or doing virtual tours of your home. This will allow all interested parties to view your house to see if they are interested in exploring it farther. If they are, THEN they can schedule a time to see it in person. This will allow you to limit the number of people in your house overall.

Let Angie Buys Houses Central Florida help you quickly and safely through the process without all of the headaches and concerns. When you are selling in Orlando during coronavirus, we are here to answer all of your questions and help you every step of the way! Send us a message or call Angie Buys Houses Central Florida at (407) 512-9526 today!

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