COVID-19 Texas Real Estate
Despite the fact that the COVID-19 pandemic is still ongoing, it is still entirely possible to both buy and sell a home in the safest possible manner.
In order to ensure that this is able to be done, both buyers and sellers alike will need to make sure that they adhere to any and all guidelines recommended by the Centers for Disease Control, as well as all orders and guidelines that have been imposed by local and state governments. Additionally, when it comes to visiting a home that has been placed for sale, the best possible way to ensure the safety of both the buyer and seller is to take all of the proper safety precautions.
First and foremost, it’s important to note that in terms of selling a home, homeowners may prefer the option of not wanting to host a walkthrough or showing in-person, but rather host a virtual tour instead as a way to ensure proper social distancing guidelines are followed. On the other hand, if a seller does prefer to host an in-person showing, it’s highly recommended that hand sanitizer is used prior to going into the home and that nothing is touched. Additionally, in the event that you are feeling sick after scheduling an in-person showing with a homeowner, you should do one of two things: either cancel the in-person showing itself or ask the real estate agent to conduct a virtual tour on your behalf instead. If you are a seller and have made the decision to go through with an in-person showing, there are a few important guidelines that you will need to follow, such as the following:
*You must have no more than ten individuals in your home at once.
*A distance of six feet between individuals must be maintained at all times.
*Hand sanitizer must be used before entering the home.
*Individuals must use protective equipment such as facial coverings, gloves, etc.
When it comes to getting a mortgage while the pandemic is ongoing, this is another thing that is still possible. In fact, it is also highly encouraged due to the fact that mortgage rates themselves are currently low. Even better is the fact that the vast majority of the process involved with obtaining a loan is able to be completed online, and many of the standards of some loans are being relaxed due to requirements involving social distancing due to COVID-19. The best way to obtain more information is to consult with an experienced home loan expert in order to determine what you will be required to do in terms of the specific loan you will receive. Additionally, it’s important to take the time to look at your present and future financial situations in order to determine whether or not this type of responsibility is right for you at this time.
In terms of the closing process, this is something that must always be completed in-person normally; however, many states are now coming up with ways to create online policies involving signatures and notarizations. Alternatively, other states are implementing additional methods, such as window meetings and document exchanges, which involves placing them six feet away from the notary prior to walking away and making use of hand sanitizer. In the event that you will be required to sign any documentation in person, it’s important to note that you will need to expect potential delays.
