Table Of Contents
Selling during Covid-19 with a Realtor during
Selling to a Cash Buyer during COVID-19
What is Mum City Homes Doing Differently During Covid-19?
• Personal Protective Equipment (PPE)
• Virtual Home Viewing
• Electronic Contracts & Purchase Agreements
• Electronic Notarization of Escrow Paperwork
• Lock Boxes to Keep Vacant Property Safe
Selling during Covid-19 with a Realtor
There are a few key considerations to consider while digesting the facts about Coronavirus and selling a property the traditional method. Inspectors are in high demand, and it will take longer to find one, much alone arrange a safe walk-through in accordance with CDC recommendations. Once the house has been assessed and listed with a realtor, they are required to do virtual walkthroughs or limit the amount of people that sees the inside of your home, which can cause a home to sell significantly more slowly. Most real estate agents fail to evaluate purchasers’ loan pre-qualification, and if your buyer is not pre-qualified for a mortgage, the house transaction might easily take another two months. To protect our financial systems against another 2009, banks around the country are enforcing rigorous norms and restrictions.
Selling to a Cash Buyer during COVID-19
When you’re dealing with a Cash Home Buyer like Mum City When you work with a Cash Home Buyer like Mum City Homes, we make everything so much simpler. There are no delays since the inspectors are us. We don’t even require evaluations because we buy properties AS-IS, so put down the tools and paintbrushes. Are you concerned that your Realtor may fail to pre-qualify your buyer’s financing? Because we pay in cash, we don’t utilize realtors. To accomplish house transfers utilizing warranty deeds, we recommend to employ local Real Estate Attorneys or Title Companies. We take the pandemic and the safety of our sellers extremely seriously. Everyone who visits the site is required to wear a mask, bring sanitizer, and maintain a certain social distance. Mum City Homes’ mission during this time is to make the purchase as simple, safe, and painless as possible.
What is Mum City Homes doing differently During Covid-19?
1. Personal Protective Equipment (PPE)
According to the CDC, when we meet with homes, we wear protective face masks that cover our nose and mouth. Hand sanitizer and disinfecting wipes are also required to safeguard the safety of inspectors and homeowners. Before inspectors or even firm owner Devon Wayne leaves the office for an appointment, we all use a laser gun to check our temps.
2. Virtual Home Viewing
When it comes time to sell your property, you must normally allow a large number of visitors inside. One inspection, one appraiser, perhaps a few contractors, two or three real estate agents, and dozens or hundreds of prospective purchasers. WOW! Discuss stress, particularly during the coronavirus epidemic. Mum City Homes will work with you and your situation to ensure your safety. For some, video conference walkthroughs or simply photos and videos emailed, DropBox, or Google Drive are great options. The only person ever coming to the property would be a contractor to inspect the property is as it was described. In retrospect, that is only one person with Mum City Homes VS potentially hundreds in your home! The only person who would ever see the property would be a contractor to ensure that everything was as advertised. In retrospect, Mum City Homes employs just one person vs possibly hundreds in your property!
3. Electronic Contracts & Purchase Agreements
Purchase agreements used to be person-to-person and face-to-face, but today we employ a digital approach to protect the seller and make the transaction quicker. DocuSign services are simple to use and can be accessed from any desktop or mobile device at any time.
4. Electronic Notarization of Escrow Paperwork
While a handful of states allow electronic notarization, often under a standard electronic transactions legislation adopted in the corresponding state, RON services are unique from electronic notarization in that electronic notarization requires physical presence. Although electronic notarization allows for the notarization of an electronically performed document, the signer must still present in person before the notary. This implies that instead of you travelling to the title or escrow firm, a notary can come to your residence.
5. Lock Boxes to Keep Vacant Property Safe
Because of the state of the property, the majority of the properties we buy are never lived in. When we place a property under contract through a purchase agreement with a house owner, the first thing we do is install a lock box if it’s unoccupied. This keeps homeless persons, vandals, and burglars from interfering with the house.
To summarize, we prioritize the safety of our sellers. During this epidemic, we are reducing face-to-face interaction and instead using virtual contracts, virtual inspections, and a more digital strategy in general.