With social distancing measures and shelter-in-place orders created in many states, you may be wondering “Can I buy a house in Austin during COVID-19?” In short, the answer is yes. However, this situation is unique and requires new resources, more patience and greater ingenuity to pull off. Read on to learn how social distancing is affecting the home buying process and how to successfully buy and sell a home during COVID-19.
For both buyers and sellers we strongly recommend becoming familiar with virtual showings as it eliminates the need to be in the home physically. Many open houses have been cancelled and often showings will only be for vacant properties by schedule only.
You can still get a mortgage at this time. Luckily, most of the process for getting a mortgage can be done online and some types of loans are relaxing some loan standards in consideration of social distancing requirements and the contagious nature of COVID-19.
Appraisals are a requirement for all loans and usually require an appraiser to enter and walk through your home. Under current CDC guidelines this shouldn’t happen if preventable. So, many loans are allowing for exterior, or “drive-by,” appraisals.
The same can be said for Inspections, however if you can get an inspection done you should. An inspection gives you an in-depth look at the inner workings of the home. It also gives a certified inspector the chance to spot any potential problems that may adversely affect the safety or value of the home.
Our preferred Title company has their own plant to ensure no issues with Title, and they have adopted safe closing procedures to follow social distancing guidelines.
We at Austin HomePage Real Estate are ready and able to help during these uncertain times. Please reach out, we love to hear from you! Stay safe and let us know how we can help.