This week we covered the new way to purchase a home in today’s environment; now we want to discuss what it’s like for homeowners to sell their home during the pandemic. Gone are the days when would-be-buyers would visit your home during an open house with many others. The California Association of Realtors (CAR) has advised against in-person open houses and virtual open houses are the new norm.
And why should you sell your home during a pandemic? Because “the median price of a Southern California home… in July, [was] up 8.5% year over year and up almost $30,000 from June’s record high. That’s the biggest one-month price jump in CoreLogic’s 32-year-old database.” (Source: OCR)
If you are thinking about selling your home, here are a few key differences during COVID:
- Listing/Real Estate Agent. Your first step in looking for a home is to contact a Real Estate Agent. A licensed and experienced realtor will be by your side throughout your home selling process and he or she will be able to explain to you the new regulations, which includes additional paperwork related to COVID, as well as be the main point person in communications and negotiations.
- Virtual Open Houses. You cannot show your home without the proper COVID paperwork in place. CAR has strict guidelines and documents that must be signed by both sellers and buyers about home viewing that protects all parties involved. Your Real Estate Agent can review these with you.
All open houses are conducted virtually, per CAR, with drone footage or 3D viewing becoming the norm. An agent can discuss with you how this works and how to best market your home. In addition, if an interested party wants to view your home in person, they must sign an advisory form and have a Real Estate Agent set up the appointment. Your agent will work with you about guidelines to safely show your home, if you are comfortable allowing buyers to do so in person.
- E-signing. Although DocuSign has been the most used source of signing documents for home purchasing for many years, it is now the preferred method for conducting business throughout the escrow process. This allows you to stay safe at home while going through the transaction. Your Real Estate Agent will guide you through the process step by step.