Despite the ongoing health hazard, people are still buying and selling in Milwaukee. Learn how to do it the safe way!
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 Milwaukee during coronavirus very helpful in the process.
One thing you should know about buying and selling in Milwaukee during coronavirus and the uncertainty in the economic outlook, those with the option to delay a move, are doing so for at least a few months. you’ll want to be aware that this means that while not necessarily true, there is a perception that the seller must be under economic or legal pressures, and being forced to sell, which has the potential of driving negotiations towards an overall lower final purchase price. Conversely, you should also know some buyers or sellers need to make their move quickly in Milwaukee 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.
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 Milwaukee 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.
Another thing you should be aware of buying and selling in Milwaukee 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. 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
When buying and selling in Milwaukee during coronavirus, you want to make sure the house has truly been empty beforehand. Two weeks is enough to alleviate concerns about having to conduct complete disinfection of every corner of the house before moving in. Also, if you’re selling, this prevents you from possibly spreading this dreadful disease.
Another thing you should understand when buying and selling in Milwaukee during COVID-19 is that a lot of sellers request only their agent to show the home, to lower the number of people spending time in the property. You should also let only a few people inside you’re home. It’s recommended you don’t allow more than two people at the same time inside. True, buyer’s agent is commonly not up for this arrangement, but some limits and special allowances need to be set and made.
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 Milwaukee. 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. As always, you’ll need to investigate just who you’re accepting an offer from. Likewise, you’ll need to go into the process with your eyes wide open to the possibility of online scams. Before finalizing anything by signing on the bottom line, you’ll want to meet face to face with the players in your deal and have done very careful research of county records to ensure you’re actually dealing with the owner of the property in question.