Home Buying and Selling During COVID-19 Pandemic – A Few Tips to Follow
At the beginning of 2020, the real estate market in Maryland was on the verge of steady growth until the Novel Corona Virus took toll of the industry in the month of March. Stringent restrictions for limiting the spread of the virus led the home buyers and sellers to take a pause on making purchases and listing their properties for sale respectively. Also, a sharp decline in the volume of mortgage applications has been noticed.
Nevertheless, that doesn’t mean that home buying and selling process has entirely shuttered. You can still purchase and sell homes or properties with the help of professional realtors like us at Magnolia Realty. We have brought you some of the most essential tips that will help you find the best homes for sale in Derwood MD during this critical period where social distancing, wearing facemasks and using sanitizers have become a norm.
Do Your Homework Well
Despite a fall noticed in the number of newly listed homes in Derwood, you can still find excellent options with us. You must invest enough time for researching the market and find properties that suit your preferences in Derwood MD. We would suggest you not to limit your search areas, rather you should expand your search to the surrounding regions that may have homes that match your preferences with exceptional value for money, facilities and amenities.
Consult with a Real Estate Agent
Communicating with real estate agents during COVID-19 pandemic have changed a lot. We at Magnolia Realty leverage technological tools for making the communication process efficient with our clients that include virtual home tours. We also provide negotiation and finalizing of the deals without meeting our clients in person. Once you have inspected a listed property and want to close the deal, you can give us a call and we will assist you with the further process. Take advantage of our interactive virtual tours and ask questions about the condition, design of the property and so on. And if you are selling a home we will help you in offering estimates of the value of your property and let you know how it will fair in the real estate market.
In-Person Meetings with Safety Precautions
After staging your home, to meet your prospective buyers in-person let them drive themselves to the property so that you can meet them on site while maintaining social distancing. While showing an open house keep a hand sanitizer handy or place a sanitizing agent for minimizing the risk of contraction. Also, if possible perform a pre-screening procedures on the potential buyers for tracking their recent travel contacts.
To know more about how we can help you find your best homes for sale in Derwood MD or list your property during this pandemic, get in touch with us today.